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National Insurance Contributions

Volume 892: debated on Friday 23 May 1975

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asked the Chancellor of the Exchequer what would be the cost to the revenue of giving tax relief on the class I primary national insurance contributions paid by employees.

, pursuant to his reply [Official Report, 21st May 1945; Vol. 892, c. 427], gave the following information:Information on which to base a precise calculation is not available. However, it is estimated that the full-year cost for 1975–76 of allowing tax relief to employees on class I primary national insurance contributions would be about £730 million.