PARLIAMENTARY WRITTEN QUESTION
(12 March 2025)
Question Asked
Asked by:
Blake Stephenson (Conservative)
Answer
The vast majority of firms in the construction sector are small or microbusinesses, which will see no gain or change overall. The Government has protected small businesses and charities from the impact of the increase to Employer National Insurance by increasing the Employment Allowance from £5,000 to £10,500, and 865,000 employers will pay no NICs in 2025-26. Eligible employers will be able to employ up to four full-time workers on the National Living Wage and pay no employer NICs.
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