Policy paper

Tax lock: Income Tax, National Insurance contributions and VAT

This tax information and impact note affects those liable to pay Income Tax, National Insurance contributions and VAT.

• From: HM Revenue & Customs
• Published: 8 July 2015

Documents

Tax lock: Income Tax, National Insurance contributions and VAT

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Details

The main objective of this measure is to legislate that the rates of Income Tax, National Insurance contributions and VAT may not increase. Also, that the relevant provisions will be locked to prevent them being used to remove any items from the current VAT reduced rates and VAT zero rates. This will be limited for the duration of the Parliament.

Published 8 July 2015