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HM Revenue & Customs

Business

Tax and pay hikes to see firms pay £2,300 more per low-wage worker this year

UK businesses employing staff on minimum wage will see costs jump by more than £2,000 per worker this year – with the tax burden hitting the highest on record, new analysis has shown. An increase to the rate of employer national insurance and a lowering of the threshold at which it is paid will make it more expensive to employ the lowest paid, according to think tank the Centre for […]

todayJanuary 3, 2025 3

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