National Insurance Contributions (Rate Ceilings) Bill
Debate between Harriett Baldwin and Andrew Murrison(9 years, 3 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Harriett Baldwin
My hon. Friend is absolutely right. This is part of a package of measures the Chancellor announced in the July Budget.
Dr Andrew Murrison (South West Wiltshire) (Con)
The Office of Tax Simplification has been asked to look at proposals to merge income tax and national insurance. Will the Minister say where we are with that? In particular, what assessment has been made of its possible impact on pensioners?
Harriett Baldwin
My hon. Friend is correct. In the summer Budget, the Chancellor announced a consultation on behalf of the Office of Tax Simplification. It is currently undertaking its work. I expect my right hon. Friend to take its recommendations into account in due course.
Turning to the detail of this five-clause Bill, it provides that the rate of class 1 national insurance contributions paid by employees and employers must not exceed existing rates.