Income Tax and NIC - hard choices

Do you know how much of your national insurance and income tax contributions go towards paying for state services, such as the NHS?

Professional tax body, the Institute of Chartered Accountants in England and Wales (ICAEW), has produced a detailed report highlighting exactly where our money goes, while busting some common myths about how these taxes are spent by the Government.

"Income Tax and NIC four options: a hard choice" is part of a series of papers focused on improving the future UK tax system.

The report provides detailed analysis of the tax systems for every tax payer and outlines the options for policy makers.