
Last year, the UK government rolled out fresh legislations and approved funding plans for health and social care. The levy is introduced to compensate for reforms to the NHS funding and care sector.
From April 2022, National Insurance (NI) is expected to go up by 1.25% for workers. This increase attracted scores of criticisms from all stakeholders – employees, employers and the self-employed – which is understandable given the increase in inflation and interest rates means increased expenditure coupled with reduced take home pay.
Rishi Sunak and Boris Johnson are adamant to see the new levy come into action, citing, ‘…we must stick to our recovery plan – tax will rise to pay for it.’
Register now to continue reading
Thank you for visiting Optician Online. Register now to access up to 10 news and opinion articles a month.
Register
Already have an account? Sign in here