George Osborne has asked the Office of Tax Simplification to see whether the income tax and NICs could remain separate but be better aligned

Lloyd George introduced it. Labour made it the bedrock of its post-war state pension scheme. Nigel Lawson toyed with the idea of abolishing it only to go cool on the idea. What is it? It is national insurance, the little brother to income tax and now the subject of a new review commissioned by George Osborne.

Continue reading…
Source: The Guardian Circular Economy RSS