Reader comment - the burden of tax administration
One obvious way to reduce the burden of tax administration is to scrap national insurance - or to have everyone pay the current £2 per week class 2 contribution.
In most small businesses that I deal with, the yield from national insurance exceeds income tax, but now more detailed records need to be kept for the three tiers of thresholds. The rules are different – and a major factor in the introduction of the controversial IR35 – but the money all goes into the same pot. For a PAYE inspection, two different inspectors are sent out to enforce the separate sets of rules for money collected from the same source.
It’s the equivalent of the old outside toilet.