§ Mr. Malcolm BruceTo ask the Secretary of State for Social Security if he will estimate the additional revenue which would be raised by extending employers' national insurance contributions to all taxable benefits in kind if this includes provision for the avoidance of national insurance contributions on certain forms of bonus payments made by businesses; and if he will make a statement. [12799]
§ Mr. HealdAn estimated £250 million would be raised by extending employer national insurance contributions to all taxable benefits in kind. This figure is based on the estimated total of taxable benefits in kind reported to the Inland Revenue and is therefore inclusive of NICs on any bonuses paid in kind with the intention of avoiding NICs. Employers are not required to identify bonus payments separately from other payments.
Source:
Inland Revenue