Cicero Lounge
Business News, News and politics, UK Government News

Intergration of Tax & NI Systems


The Government has issued a call for evidence as part of its consideration of the integration of the operation of the income tax and National Insurance contributions systems, announced at Budget 2011. This is a preliminary stage of consultation, and aims to build a strong evidence base on the burdens to employers of having to operate two different systems. Responses to this call for evidence will inform the Government’s proposals for reform, on which it will consult in the autumn.

The two systems are currently operated entirely separately and the Government believes that greater integration of the two has the potential to remove economic distortions, reduce burdens on business, and improve fairness for individual earners.

The call for evidence document poses 14 questions, the majority of which focus on the burdens employers and payroll professionals face in paying income tax and NICs through the Pay As You Earn system. For example, how much staff time and other resource is required to manage the systems, which aspects of the process currently work well and how often problems are encountered when calculating payments.

Source : Central Office of Information – News Distribution Service

Advertisements

Discussion

No comments yet.

Feel free to leave a reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sky News

Translate Posts

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 205 other followers

Visitors to Cicero Lounge

Stats

Cicero Lounge on Twitter

RSS United Nations Human Rights News

Advertisements
%d bloggers like this: