Treasury written question – answered on 22nd 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.
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No1 person thinks not
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