Employment taxes drop in East Midlands
Businesses across the East Midlands are paying less in social security and other employment ‘taxes’ compared with four years ago according to a new study by Nottingham accountancy firm UHY Hacker Young.
Globally, this extra cost accounts for some 20% of an employee’s annual salary, but the figure in the UK is much lower at less than eight per cent – a reduction of 2.6% compared with 2012.
Experts at UHY believe this is positive news for the jobs market as high employment costs put job creation and real income growth at risk.... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
