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NIC ‘tax lock’ Bill

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The National Insurance Contributions (Rate Ceilings) Bill had its second reading in the House of Lords on 10 November.

The National Insurance Contributions (Rate Ceilings) Bill had its second reading in the House of Lords on 10 November. The Bill implements NIC aspects of the ‘tax lock’ under which the main rates of income tax, VAT and NIC 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 Finance (No. 2) Bill 2015.

Issue: 1285
Categories: News
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