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The UK\u2019s army of white van men could see key taxes slashed in Jeremy Hunt\u2019s Autumn Statement.<\/p>\n
The chancellor is believed to be considering slashing Class 4 National Insurance Contributions (NICs) for the self-employed.<\/p>\n
As it stands plumbers, electricians and other self employed people get hit with a nine percent charge on profits between \u00a312,570 and \u00a350,270.<\/p>\n
Anything above this incurs a 2 per cent levy.<\/p>\n
A government insider said there was a \u201c70 per cent chance\u201d this tax will be cut on Wednesday, reports The Sun.<\/p>\n
READ MORE: <\/strong> Jeremy Hunt ‘must act now’ to tackle health crisis<\/strong><\/p>\n The \u2018transit tax\u2019 is another white van man tax that could be frozen.<\/p>\n The van benefit charge was put up by \u00a372 last year to nearly \u00a3800.<\/p>\n Mr Hunt spoke about reducing the tax burden on families on a visit to Milton Keynes yesterday.<\/p>\n He said: \u201cIt\u2019s very important that we find a way to reduce the tax burden on working families. But there are no shortcuts.\u201d<\/p>\n As well as helping businesses, Mr Hunt is considering cutting Inheritance Tax in next week\u2019s announcement.<\/p>\n It is the last major fiscal event before election year.<\/p>\n Don’t miss… <\/strong> ![](\"https:\/\/cdn.images.express.co.uk\/img\/dynamic\/139\/590x\/secondary\/Chancellor-Jeremy-Hunt-has-more-wriggle-room-to-make-tax-cuts-5073645.jpg?r=1700344852118\")
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Jeremy Hunt needs to give Britain an adrenaline boost and here is how[INSIGHT] <\/strong>
Boris Johnson piles on pressure for tax cuts ahead of Hunt’s Autumn Statement[REPORT] <\/strong>
Hunt prepares to slash tax for millions in days after securing \u00a326bn lifeline[LATEST] <\/strong><\/p>\n\n