Tax News

Mazars tax news covers everything tax related in the UK from, VAT to the latest HMRC rulings.

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Chancellor's U turn on NIC rises

March 15.

Today the Chancellor announced a U turn on the proposed Class 4 NIC rises from last week's Budget. This was primarily in response to a backbench backlash accusing him of breaking a general election manifesto commitment. The plan to increase NIC for self employed has now been dropped and is unlikely to resurface during this Parliament.