§ Mr. Malcolm BruceTo ask the Secretary of State for Social Security what is his estimate of the annual cost of raising the starting rate for the payment of employee national insurance contributions to the same level as the personal income tax allowance; and how many people would cease to pay employee national insurance contributions as a consequence. [22718]
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§ Mr. HealdThe estimated loss in revenue from employee national insurance contributions would be some £650 million in a full year. On average, about 0.7 million employees in any week would no longer be liable to pay contributions.
Source:
Government Actuary's Department.
§ Mr. BruceTo ask the Secretary of State for Social Security what is his estimate of the additional annual revenue which would accrue to the Exchequer from extending employer national insurance contributions to all benefits in kind. [22719]
§ Mr. HealdThe estimate is £250 million based on 1995–96 figures.
Note:
The information available relates only to extending employer national insurance contributions to taxable benefits in kind.