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Employer NIC

  • Swatch: Rachel Reeves’ tax hikes could see profit fall further

    Retail

    Swiss watch brand Swatch has warned its UK profit could continue to shrink as a result of Chancellor Rachel Reeves’ tax hikes. The business has said the increase in employer’s National Insurance contributions – which were announced in October 2024 and came into effect in April this year – will increase operational costs. Swatch added [...]

    Swatch's pre-tax profit and sales fell in 2024.
  • National Insurance exemptions could help get Britain working again

    Opinion

    If the Chancellor wants to get Brits back to work, she should offer National Insurance cuts for those hiring the long unemployed, writes Georgiana Bristol.

    Unemployment has risen since Labour came to power
  • Haaland: Man City striker could pay £150m to HMRC over new deal

    Sport Business

    Signing a lucrative contract, as Erling Haaland did with Manchester City this month, is usually one of the happiest days of someone’s life. Haaland has signed for nearly a decade in a deal that is reportedly worth £26m a year before bonuses. But the reality is that the taxman is coming, and for the Norway [...]

    Signing a lucrative contract, as Erling Haaland did with Manchester City this week, is usually one of the happiest days of someone's life.

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