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27 July 2015
Merger of income tax with National Insurance “must not be a revenue raiser”
The Office of Tax Simplification (OTS) will undertake a study into the alignment of income tax and National Insurance contributions. It will publish a final report before the 2016 budget.
The OTS will consider:
- the case for change including the distortions burdens and costs associated with the current system;
- the changes that could be introduced to bring the two systems closer together in relation to the taxation of earned income and the self-employed;
- the costs benefits and impacts of each step;
- all forms of National Insurance charge; and
- how any changes would fit with wider government policy.
The review will consider the base of the systems but will not consider the extension of National Insurance to non-employment income.
In its research the OTS will bear in mind...
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