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19 Oct 2021

This is the £200 threshold that determines the response by the police, and theft below this level does not always merit a police visit and offenders can plead guilty by post.

19 Oct 2021

The FCA have recently announced significant increases in their base ratefees that will have an unfavourable effect, particularly on smaller independent retailers.

18 Oct 2021

Cycling Industry News has announced the launch of its 2022 Market Data drive and once again invites UK-based independent bike retailers to participate.

18 Oct 2021

#BikeIsBest,the cycle industry campaign supported by leading brands, retailers, organisations and cycling advocacy groups, has launched its latest campaign: When more people cycle, everyone...

18 Oct 2021

The All Party Parliamentary Group for Cycling & Walking (APPGCW) have an upcoming meeting on Monday the 18th October focussing on initiatives to promote walking


14 Oct 2021

Originally due to end on 31 December 2021, it has since been announced (4th October 2021) that the scheme has been extended until March 2022.

13 Oct 2021

Cytech continues to be in record-breaking demand as it now sees the highest ever number of technicians certified within one month in September 2021 - with over 115 in the UK alone!

13 Oct 2021

According to UK Finance, 'The new £100 limit is designed to balance security, convenience and consumer demand."

11 Oct 2021

With current incentives andfunding grants in place employers taking on new apprentices could receive up to £4,000 per apprentice.

11 Oct 2021

Your Business Journey to Net Zero, is a series of locally focused virtual events, designed to help small businesses who want to play theirpart in climate change, but don't know where is best to...

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National Insurance to increase through a health and social care levy

Posted on in Business News , Cycles News , Creative News, Outdoor News, Political News

The ParliamentPrime Minister has announced a new tax in the form of a Health and Social Care Levy.

From 1st April 2022, employer NICs will increase by 1.25 percentage points. Employee NICs will also increase by 1.25 percentage points, including for workers above state pension age.

It was also announced that self-employed Class 4 NICs will also increase - paid on annual profits beyond £9,569 and company dividend payments will rise from 7.5% to 8.75%.

The tax rise will raise £12bn, ringfenced to fund investment in health and social care. The investment will be spent on the following:

  • Tackling NHS Covid backlogs and cut waiting times with new £36 billion investment for health and social care
  • Responsible, fair, and necessary action taken to provide biggest catch-up programme in the history of the NHS and reform the adult social care system
  • NHS capacity to increase to 110% of planned activity levels by 2023/24, offering more appointments, treatments, and operations
  • Social care reform plan will end catastrophic costs for people across the country, and include extra investment in care sector to improve training and support
  • Funded by a new Health and Social Care Levy on working adults and an equivalent rise in the rates of dividend tax to make sure everyone pays their fair share
More information about the investment can be found here.


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