Budget 2013

[The Spartan]

Unlikely, the £2,000 is per employer, so a brolly with a 1,000 contractors will only save £2 per client!

My fault for not paying too much attention I can see exactly what you mean now, thanks

[Bunk]

1p off a pint, or buy 300, get one free!

300? I'm guessing you're oop norf?

[GB9]

Anyone paying a salary above the NIC threshold will benefit in that the employer NIC payable will effectively be refunded upto £2,000.

This will only apply from April 2014.

Although any tax cut is a help, it will still be marginally more tax efficient to remain on a salary of £7,696 (2013/14) than pay more due to the employee NIC that will still be payable.

That said, if you do pay more than the £7,696 as a salary, then you will benefit but it is not enough to suggest a change in our advice.

Alan

Thanks for that Alan. As I pay myself a salary well above that I should benefit.

[Bunk]

It works out about £22k salary before employer's NI comes in now.

[VectraMan]

Anyone paying a salary above the NIC threshold will benefit in that the employer NIC payable will effectively be refunded upto £2,000.

I assumed that wouldn't apply to directors/owners so would exclude the likes of us. Osbourne said something like "anyone with a small business looking to take on a new employee...".

There was some stuff about employee share schemes and changes to CGT as well.

[d000hg]

Although I dislike Milliband, he destroyed the budget, the chancellor, PM Cabinet and Government with that response. Tories are dead.

Who let this clown back in?

[GB9]

I assumed that wouldn't apply to directors/owners so would exclude the likes of us. Osbourne said something like "anyone with a small business looking to take on a new employee...".

There was some stuff about employee share schemes and changes to CGT as well.

Thought he said any business? If you get paid any form of salary as opposed to just divis then you are an employee I think?

[VectraMan]

Thought he said any business? If you get paid any form of salary as opposed to just divis then you are an employee I think?

Maybe, but that sounds like a controversy in the making. "Millionaire business owners get £2K tax cut meant for new employees".

[Nixon Williams]

I assumed that wouldn't apply to directors/owners so would exclude the likes of us. Osbourne said something like "anyone with a small business looking to take on a new employee...".

There was some stuff about employee share schemes and changes to CGT as well.

From what I can see, it will apply to all employers!

[TheFaQQer]

That would probably make more of a difference if you were working through a brolly I suspect

Won't make much difference to any company of a reasonable size - if they have 500 contractors, that's £4 each a year, assuming that they pass it on.