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National Insurance changes could hit self-employed 'to get more money in for Government'

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“For example, an alignment of rates between the self-employed and employees, which doesn’t go above the existing 12 percent top rate, and perhaps even reduces this to say 11 percent for all, could probably be spun as not being an overall increase in National Insurance.

“There could also be an opportunity for simplification by aligning the income tax and NIC payment thresholds.”

There’s also been suggestion that there could be changes ahead when it comes to the High Income Child Benefit tax charge.

“The High Income Child Benefit Charge (HICBC) applies to anyone with an income over £50,000 who gets Child Benefit, or if their partner gets Child Benefit,” untied explained.

“This threshold was introduced in January 2013 and has never been increased.



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