The UK’s tax regime is becoming a key battleground for election hopefuls as
Labour remains committed to national insurance contributions rises, a move which
has been shot down by Conservatives.
Business groups have protested at the changes set to come into force next
April which will see a 1 percentage point rise for both workers and staff.
Speaking at the Warburton breadmaking headquarters in Bolton, Tory Leader
David Cameron said:
“If we put up National Insurance contributions on every job, employers will
have to pay more for them. That’s bound to be a tax on jobs.”
“National Insurance hits the cost of every job and also hits everyone in the
pocket. We say that’s not the right answer.”
Putting up the cost of employment would lead to fewer jobs being created and
would also lead to jobs being lost.
“It would be an economy killer, a recovery killer, a jobs killer,” Cameron
Earlier this week, the CBI urged whoever wins the battle for No. 10 to
establish a more competitive regime for business taxes.
However Labour has insisted the NI rise is a key part of efforts to make a
dent in the £167bn public spending deficit.
Taxman lines up early exit from doomed Concentrix tax credits deal, as HMRC faces intense scrutiny from MPs
Making Tax Digital will impose significant additional tax compliance costs on small businesses for little or no medium term benefit, tax and small business experts told MPs
MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin