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Simple TAX/NI

Comment 15th July 2010

Combine both tax and NI .Completely discard the levels,bands and allowances of all descriptions. Everyone then pays say 10p in the £ on every £ of income.Pensions and welfare benefits could be raised by the same amount to avoid hardships in those areas.The example of 10p in the £ could be increased or decreased in each budget dependant upon the countries financial position .The amount saved in administration from Govt level down would be vast and everyone could could calculate if their tax paid was correct or not.

Why does this matter?

It cuts down on cost, administration and complexity of the current tax rules.

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