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National Insurance to increase through a health and social care levy

14 Sep 2021

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
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Here's how to support Independents' Day

1 Jul 2021

Independents' Day UK is a campaign that exists to support and promote businesses across the UK all year round, but with an annual focus on July 4th: ‘Independents' Day' itself.
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Independent Retailers Confederation partners with ‘shopping appointment' solution to bring confidence back to shopping

18 Aug 2020

New service eliminates the need for customers to queue to get into independent shops
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Buy Now Pay Later providers cause concern across UK as debt rises

6 Aug 2020

Increased scrutiny is being placed upon the UK's growing use of Buy Now Pay Later services
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Indie Retail to Launch New Monthly Newsletter

29 Jan 2020

On Friday 31st January Indie Retail will be launching a monthly newsletter to be sent out to subscribing independent shops.
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Registration now open for CHSI Stitches 2020

11 Oct 2019

Both retailer and visitor registration is now open for CHSI Stitches 2020
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Creative employment grows three times faster than UK average

14 Aug 2019

Great news for the creative industries!
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BA encourages booksellers to go green

1 Aug 2019

The Booksellers Association (BA) has created a Green Manifesto encouraging themselves,Booksellers and the Book Industry to improve their eco-friendliness.
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CHSI 2020 dates announced

12 Jun 2019

The UK's trade show for the creative craft industry brings together over 6,000 craft buyers looking for new ideas and innovative suppliers.
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Children's creative summer workshops

8 May 2019

Summer holidays can keep crafters away from their hobby and away from visiting your store. Running children's workshops can open your store to those crafters with children and parents looking to... Read more…

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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