Grocers' tax burden soars after Reeves slashes NI threshold

Oct 30, 2024 - 20:00
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Grocers' tax burden soars after Reeves slashes NI threshold
Britain's four biggest supermarkets could see their collective tax bill rise by close to £500m after Rachel Reeves augmented her raid on employers' national insurance contributions (NICs) with bigger-than-expected changes to the threshold at which companies start paying it.

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