PARLIAMENTARY WRITTEN QUESTION
Health and Social Care Levy (20 February 2023)
Question Asked
Asked by:
James Murray (Labour)
Answer
The additional National Insurance Contributions (NICs) revenue from the 1.25 percentage point increase is not directly identifiable in HMRC data. In its Economic and Fiscal Outlook for October 2021, the Office for Budget Responsibility said that it expected the measure to yield £16.5 billion over a 12-month period. Since that forecast, multiple changes to NICs rates and thresholds have taken place, making it difficult to quantify the effect of the increased rates that applied from April to November in isolation from other changes.
Answered by:
Victoria Atkins (Conservative)
23 February 2023
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