small businesses will no longer pay national insurance contributions 2014
UK small business insurance - small businesses will no longer pay national insurance contributions 2014 : Up to 450,000 small businesses will no longer pay national insurance contributions from next year, the chancellor claimed on Wednesday in what he described as "the largest tax cut in the budget". But even as George Osborne set out measures intended to boost cash-strapped small businesses, he faced criticism for not holding off on planned increase in business rates. He introduced an employment allowance which removes the first �2,000 off the employers' national insurance contributions, which he said was taking a " tax off jobs ". The allowance will cost almost �6bn over five years, and means that a third of all employers in the country are paying "no jobs tax at all", said the chancellor. "For the person who's set up their own business, and is thinking about taking on their first employee � a huge barrier will be removed. They can hire so...