Government will not reveal number of people dragged into NICs

Conservative MPs have voted down a Liberal Democrat amendment to the National Insurance Contributions Bill requiring disclosure of how many people will have to pay NICs for the first time due to fiscal drag

The Liberal Democrats had called on the government to ‘come clean’ on the number of people dragged into paying national insurance due to fiscal drag due to frozen thresholds during a debate on the National Insurance Contributions (Reduction in Rates) (2) Bill.

At the House of Commons yesterday, Lib Dem MP Alistair Carmichael proposed the amendment calling for a review of the effect of frozen thresholds.

Your free features:

Breaking news and expert analysis
Customisable daily newsletters
Six free CPD learning modules each year
Personalised CPD tracker
Top 75 Firms league tables
Regulatory changes
Hardman’s Tax Data

Tax | Unfreezing personal allowance would cost £8.4bn a year

Tax | Income tax take up 53% since threshold freeze

Tax | Highest ever tax take at £939bn in single year

Tax | Tax take soars by £72.6bn year-on-year as debt rises

Tax | Avoiding tax traps for 40% payers as fiscal drag bites

Navigate

Tax Services

Your free features:

Sign up to Business & Accountancy Daily