At least twice a year members of The Tandridge Club meet to discuss a a wide range of topics. Following the discussion a paper is produced and sent to our MP so that he can take our recommendations forward to the relevant Government Department. You can read a summary of the Merging Tax & NI paper below. For a full copy please Contact Us.
Policy Area: UNIFICATION OF INCOME TAX & NATIONAL INSURANCE Date of Discussion: 13.05.11
The discussion addressed two questions 1) is the unification possible and 2) If so, what would the new system look like; if not how can the system be simplified.
The present NI system is so complex that employers are usually forced to use an external bureau and/or a tax advisor thus adding to payroll costs. The payback from simplification of NI would almost certainly be more financially significant, more widespread and more appreciated than simplification of Income Tax.
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