UK Spring Budget 2017 – Employment Taxes

    View Authors March 2017

    The last Spring Budget was not, perhaps thankfully, one to write home about. There were no hats, let alone rabbits, in sight.

    There were, however, as had been widely expected, some changes that focused on levelling the playing field in the tax treatment of employed and self-employed earners, including increasing the main rate of Class 4 NICs (by 1% in each of the next two years). In addition, there was confirmation of pre-announced measures affecting salary sacrifice arrangements, the treatment of termination payments and off-payroll working.