Home Business NewsPolitics News The Tories could merge income tax and national insurance

The Tories could merge income tax and national insurance

30th Jun 14 8:54 am

It would be a radical change to the tax system in this country. But the Conservatives are apparently up for it.

A source has said that the government came “within a whisker” of merging income tax and national insurance in April’s Budget, the Times reports.

And the plan now looks set to become a key part of the next Conservative manifesto, the report suggests.

The change wasn’t announced in April because there was “too great” a risk in trying to bring together the two computer systems, the source said.

“We came within a whisker of doing this at the last Budget, but in the end we decided against it,” a source told the Times.

“They are currently on two separate computer systems and we thought the risk was just too great. But it’s something we could do in the next parliament.”

NOW READ: Cameron keeps being told off by judges for making inappropriate comments…

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