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Budget 2013 round up

The case for incorporation grows more compelling, bringing substantial tax savings and offering a much safer approach than tax avoidance schemes

The Budget 2013 was delivered to Parliament on 20 March and outlined a number of measures that will particularly impact on principals and their practices.

From April 2014, an Employment Allowance of £2,000 is being introduced for businesses to set against their employer National Insurance Contributions (NIC). Practices will effectively get a discount from the amount of NIC they owe; and principals will be able to employ additional staff without the cost of NIC for that person/people up to £2,000.

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