§ Mr. Barry FieldTo ask the Secretary of State for Social Security what is the rate of interest to be charged on national insurance contributions underpaid under SI 1992 No. 632; and what publicity he has given to small businesses about these new penalties.
§ Miss WiddecombeInterest on late paid national insurance contributions will be charged at the same rate as that charged by the Inland Revenue on late paid tax (currently 10 per cent.). The charges will apply from 19 April 1993 in respect of payments due in the 1992–93 tax year; they are being publicised by the Inland Revenue, and will be explained in DSS guidance to employers.