Two Bills of particular note:
National Insurance Contributions Bill
It is with the small employer in mind that this Bill has been designed.
If it passes, from April 2014 every business and charity will be entitled to a £2,000 employment allowance, as a deduction from their employer’s NIC bill each year.
The Bill also contains measures to tackle avoidance and will apply to the whole of the UK.
This will introduce a single-tier state-pension system, replacing the current basic state pension and earnings-related top-up. It will be implemented from April 2016.
The Bill will also bring forward the increase in the retirement age to 67, and will come into force between 2026 and 2028.
It also makes provision to continually review the retirement age due to the increase in people’s life expectancy.
The Bill will apply to England, Scotland and Wales.