Business: Taxation

(asked on 29th November 2022) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will make an estimate of the average change in the cost of tax for businesses following the freeze to National Insurance thresholds announced in the Autumn Statement 2022.


Answered by
Victoria Atkins Portrait
Victoria Atkins
Secretary of State for Health and Social Care
This question was answered on 2nd December 2022

Taken together with the changes made since Summer 2022, businesses will receive an overall average tax cut on their National Insurance contributions bill of £6,300 in 2023-24.

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