Free Zones: National Insurance Contributions

(asked on 8th March 2021) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment the Government has made of the potential effect on the distribution of wages in the labour market in freeports or their surrounding areas of having a relief on employer National Insurance Contributions for salaries up to £25,000.


Answered by
Steve Barclay Portrait
Steve Barclay
Secretary of State for Environment, Food and Rural Affairs
This question was answered on 16th March 2021

The National Insurance contribution relief will be key in supporting the government’s objectives for the Freeports programme, which includes regeneration through job creation. However, the extent to which the relief will affect the distribution of wages will depend on employers and will vary depending on a number of circumstances, including the location of the Freeport tax site.

The Government will publish an assessment of the broader impact of this relief in a Tax Information and Impact Note when legislation is introduced.

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