Professional Services

Treasury balks at £1,000 levy for non-EU workers

British Flag - Plan to charge British companies £1,000 a year for every skilled worked hired outside EU - SantanderCB

The Treasury is reportedly pushing back on a plan to charge British companies £1,000 a year for every skilled worker they hire from outside the EU. The levy for foreign skilled workers, which would raise an estimated £250m a year from employers, was mooted in January as part of a plan to reform immigration. Sir David Metcalf, Chairman of the migration advisory committee that drafted the proposals, also called for higher minimum salaries and a cut in the number of foreign IT contractors. But sources say Treasury ministers are concerned that the proposals will impose an extra burden on business at a time when the economic outlook is uncertain. The business department is said to have backed the £1,000 levy, but secured exemptions for small businesses and entrepreneurs.


Note: News bulletin content has been provided by a third-party and is not the opinion of Santander

Other Articles

When you’re an established business, recruiting top talent in all the areas you need can seem like a never-ending challenge.


If you’re a start-up or small business, how can you put together an attractive employee package to appeal to top talent – graduate and…


Mexico is predicted to become one of the world’s top 10 economies in the next 10 or 20 years.

Stop fraud

More than one million incidents of financial fraud occurred in the first six months of 2016, according to official figures released by…

Santander’s Head of SME International Mark Collings discusses why exporting to new global markets may provide businesses with new and…

Where Next?