National Insurance to be renamed “Earnings Tax”

The plans are said to have backing from the chancellor George Osborne.

Ben Gummer, the MP who will propose the change, told the Telegraph: This would be a really good step forward in making what the Government takes from taxpayers clearer and simpler.

The most important part is changing the name so in the public mind we can begin the two as the same, which they are.

The changes are expected to be a step towards formally merging NI with income tax, in an effort to make the taxation system simpler.

Whilst politicians debate the semantics, employers will wonder if and when the burden of this regressive tax on jobs will be reduced in the future.

Image source

Share this story

Send this to a friend