In Focus: Tax planningOct 31 2024

NIC increase will not raise 'anything like the £25bn stated', warns IFS

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NIC increase will not raise 'anything like the £25bn stated', warns IFS
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The government's hike of employer national insurance will not raise the £25bn the chancellor has budgeted, as it will result in lower wages and in turn less income for the Treasury, according to the Institute for Fiscal Studies.

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