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<p><strong> </strong></p><p> </p><p> </p><p>The Government has introduced measures
to help businesses with the transition to the new National Living Wage. The Government
is reducing corporation tax to 18% by 2020, setting the Annual Investment Allowance
at a new permanent level of £200,000, and increasing the Employment Allowance from
£2,000 to £3,000. The increase in the Employment Allowance means a business could
employ four people on the National Living Wage and pay no National Insurance Contributions.
It will benefit up to 590,000 employers and take up to 90,000 firms out of National
Insurance Contributions altogether. These measures will help small businesses across
the country.</p><p> </p>
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