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NICs Bill introduced for ‘tax lock’

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The government has published the National Insurance Contributions (Rate Ceilings) Bill, to implement NICs aspects of the ‘tax lock’ under which the main rates of income tax, VAT and NICs will be held at their current levels for the full five-year duration of this Parliament. Income tax and VAT aspects are contained in the Summer Finance Bill 2015.

Issue: 1271
Categories: News , Employment taxes