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Government to make £200 tax cut per employee

Accountancy Age

THE GOVERNMENT is to deliver a saving of £200 per employee with the introduction of the employment allowance in April. The allowance will also wipe out up to £2,000 off businesses’ total National Insurance, with Treasury figures showing that the cuts will save nearly £5.5bn per year for employers by the end of the parliament. Alsongside the allowance, National Insurance for employees under the age of 21 will be abolished from…

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