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Written question asked by Colin Shepherd (Conservative), in the House of Commons. It was due for an answer on Tuesday, 25 February 1997. It was answered by Oliver Heald (Conservative) on Tuesday, 25 February 1997 on behalf of the Department of Social Security.


Dept of Social Security

Question
What is his estimate of the total National Insurance yield if the employer's contribution was increased by one per cent. (Failed OPQ). - Gives figures.
Answer

Sir Colin Shepherd: To ask the Secretary of State for Social Security what his estimate of the total national insurance yield would be if the employer's contribution were increased by 1 per cent. [15765] Mr. Heald: If each rate of employer's national insurance contributions was increased by 1 per cent. from April 1997, the additional yield for 1997-98 would be approximately £3.25 billion.


Secondary information

Type
Written question
Reference
15765; 291 c201W;291 c201-2W
Session
1996-97
Question not reached
Yes
Subjects
Employers' contributions National insurance contributions Tax yields
Contains statistics
Yes