.png)
.png)
THE NATIONAL INSURANCE Contributions Bill was laid before Parliament on 11 October 2005. Although the Bill is fairly short with only ten sections it will radically reshape the framework of National Insurance contributions and will break new ground in retrospective tax legislation.
The claimed reason for this is to put a stop to what the Government sees as a malign tax avoidance industry. This article explores the Bill and considers the controversial issues of retrospective legislation and tax avoidance.
Background
The presentation of the Pre-Budget Report on 2 December 2004 was accompanied by Dawn Primarolo MP the Paymaster General making a statement on proposed future measures. In that statement the Paymaster General gave notice of the Government's intention once and for all to deal with any arrangements that aim to reduce liabilities to tax and National Insurance contributions on the rewards of employment. This would be...
