The PAC said combined with £500m cost of revamping the system, it would bring
losses from overpayments to £1.9bn.
Edward Leigh, chairman of the
committee, said: ‘Billions of pounds, far more than those who thought up the
system ever envisaged, are still routinely overpaid to claimants.
‘Very large amounts have to be written off. And the attempts to recover
overpayments from genuine claimants have caused significant suffering to many
Legislation on the NICs changes to be brought forward in the autumn following publication of 'the full effects of the changes to Class 2 and Class 4' in the summer
The SME community voices concern about the chancellor's measures in the Spring Budget
Following chancellor Philip Hammond’s Spring Budget speech, we explore the key takeaways for businesses and individuals
One of the bigger announcements of the final Spring Budget is the raising of Class 4 NICs for the self-employed