Treasury written question – answered at on 22 February 2010.
To ask the Chancellor of the Exchequer what estimate his Department has made of the additional amount of revenue that would be raised in 2010-11 if the national insurance contribution ceiling was removed.
holding answer
The additional amount of revenue that would be raised from the removal of the upper earnings limit for employees paying Class 1 national insurance contributions and the upper profits limit for self employed individuals paying Class 4 contributions is estimated to be around £11 billion in 2010-11.
This figure excludes any estimate of behavioural effects which are likely to be significant given the scale of the change. The estimate is consistent with the 2009 pre-Budget report assumptions.
Yes1 person thinks so
No1 person thinks not
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