Budget 2011: Chancellor to review National Insurance

CHANCELLOR George Osborne has announced that he has embarked upon a review of national insurance with a view to incorporating it into income tax.

Osborne said the measure would "dramatically simplify the tax system".

"For decades we have run national insurance and income tax as two different taxes and forced businesses large and small to operate two different system of administration.

He said that this created anomalies that are "legion", adding that the current two tier-system "imposes totally unn... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...