Employers' Contributions: Personal Care Services

(asked on 26th February 2025) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential impact of the increase in employer National Insurance contributions on hair and beauty sector.


Answered by
James Murray Portrait
James Murray
Exchequer Secretary (HM Treasury)
This question was answered on 7th March 2025

A Tax Information and Impact Note (TIIN) was published alongside the introduction of the Bill containing the changes to employer NICs. The TIIN sets out the impact of the policy on the exchequer, the economic impacts of the policy, the impacts on individuals, businesses, and civil society organisations as well as an overview of the equality impacts.   
  
The Office for Budget Responsibility also published the Economic and Fiscal Outlook (EFO), which sets out a detailed forecast of the economy and public finances.

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