March 15th, 2017 / Insight posted in MKS Comments

NI increase cancelled: Tim Stovold, Head of Tax, comments

“The Chancellor’s climb-down may be politically embarrassing but more importantly he still has to contend with the tax cost of the growth in self-employment and the gig economy,” says Tim Stovold, head of tax at Kingston Smith. “The NI increase was reasonably modest and may be replaced with something more draconian in the Autumn Budget which will make the plumbers, electricians and cabbies wish they had settled on the rise of two per cent.”