Ian Liddell-Grainger (Bridgwater and West Somerset, Conservative)
To ask the Chancellor of the Exchequer how many national insurance (NI) contributions deducted from pay and recorded on form P14 were not credited to NI accounts in each year since 5 April 2004; and what the monetary value is of the contributions yet to be credited.
David Gauke (Exchequer Secretary, HM Treasury; South West Hertfordshire, Conservative)
The number of unmatched P14s and the associated monetary values of the contributions received for the tax years requested are as follows:
Tax year P14s not matched Monetary value of contributions (£)
2004-05 1,839,143 263,101,931.24
2005-06 2,016,761 289,212,918.76
2006-07 1,974,081 278,618,228.99
2007-08 1,947,065 258,603,899.93
2008-09 1,542,773 194,623,653.05
2009-10 (1)- (1)-
(1) Figures not yet available.
The levels seems reasonably consistent. The next question Liddell-Grainger needs to ask is, how many and what value of these still remains unreconciled.
Tax does have to be taxing.
Professional Cover Against the Threat of Costly TAX and VAT Investigations
What is TAXWISE?
TAXWISE is a tax-fee protection service that will pay up to £75,000 towards your accountant's fees in the event of an HM Revenue & Customs full enquiry or dispute.
To find out more, please use this link Taxwise
Tax Investigation for Dummies, by Nick Morgan, provides a good and easy to read guide for anyone caught up in an HMRC tax investigation. A must read for any Self Assessment taxpayer.
Click the link to read about: Tax Investigation for Dummies