Budget 2005

Introduction

Personal Income Tax

Tax Credits

National Insurance Contributions

Employees

Pensioners

Savings

Trusts

Capital Gains Tax

Stamp Duty Land Tax

Inheritance Tax

Corporation Tax

Business Tax

Value Added Tax

Other Measures

Tax Tables

National Insurance

 


National Insurance

Rates and limits (Table D)

The percentage rates of NIC remain unchanged. There are small increases in the thresholds and upper limits, and also in the flat rate weekly payments under Classes 2 and 3. An increase in NIC rates has much the same effect as an increase in income tax, but it is argued by whoever increases it that it is not a tax - it's therefore seen as an easy place to raise money, but not this time.


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