OTS to review income tax and National Insurance
Posted by mostafa on 27 July, 2015
No comments yet
This item was filled under Tax
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 …