National Insurance cuts – everything businesses need to know

The government has confirmed that it will reverse April’s temporary 1.25 percentage point uplift in National Insurance Contributions (NICs), effective from 6 November 2022. The cuts will see NIC rates return to their 2021/22 levels and reduce the NI bills of both individuals and businesses. Here, the bookkeeping team at AMR Bookkeeping Solutions discuss what the cuts mean […]