TAX: National Insurance to go up by 1% for all

Professional Adviser
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National Insurance will go up by 1% for all employers, employees and self-employed earnings where th...

National Insurance will go up by 1% for all employers, employees and self-employed earnings where the indidividual earns more than £4,615 per year. Families receiving benefits from working families tax credit will pay required to pay lower NI to counter threat of higher costs to families. Personal tax allowances have also been frozen i 2003-04, however, pensioners' age-related allowances has been raised to £6,610 per couple. Cigarettes went up 6p per packet, duty on alcohol has been frozen along with petrol duty, however, Brown says he is reviewing the duty position on fuel give...

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