COMMENT: We urgently need simpler taxes: National Insurance is a good place to start

July 02, 2014 12:24 PM

I wrote for City AM this morning on the Public Accounts Committee report and merging National Insurance with Income Tax:

JUST days after the House of Commons Public Accounts Committee published a damning report, describing tax authorities as “unable to cope” with the number and complexity of UK tax reliefs, it has emerged that the chancellor is considering abolishing employee’s National Insurance and merging it into income tax. This is genuinely great news. With a tax system that takes Tolley’s tax guides over 17,000 pages to explain, scrapping an unnecessary charge like National Insurance would yield significant simplification benefits.

 

Click here to read the full article

I wrote for City AM this morning on the Public Accounts Committee report and merging National Insurance with Income Tax:

JUST days after the House of Commons Public Accounts Committee published a damning report, describing tax authorities as “unable to cope” with the number and complexity of UK tax reliefs, it has emerged that the chancellor is considering abolishing employee’s National Insurance and merging it into income tax. This is genuinely great news. With a tax system that takes Tolley’s tax guides over 17,000 pages to explain, scrapping an unnecessary charge like National Insurance would yield significant simplification benefits.

 

Click here to read the full article

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