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<p>HM Treasury does not keep this information in the form requested. However, based
on HM Revenue and Customs’ ‘Direct Effects of Illustrative Tax Changes’, a published
document, the approximate costs to the Exchequer in 2017-18 would be:</p><p> </p><ul><li><p>Increasing
the primary NICs threshold to £11,500 would cost approximately £15bn a year;</p></li><li><p>Increasing
the secondary NICs threshold to £11,500 would cost approximately £16bn a year; and</p></li><li><p>Increasing
the Lower Profits Limit for Class 4 NICs to £11,500 would cost approximately £1bn
a year.</p><p> </p><p>The total annual cost to the Exchequer of increasing all three
thresholds to £11,500 would on this basis be approximately £32bn. These are approximate
estimates, and in any case do not take into account the secondary effects of behavioural
changes after an increase to the threshold.</p><p> </p><p>HM Treasury has not made
an assessment of how many employees would pay no tax or NICs as a result of this.</p></li></ul>
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