“PAYE income tax and NICs cash receipts were £36.6 billion in June, £0.2 billion (0.4 per cent) below forecast, and £3.5 billion (10.7 per cent) above last year. The year-on-year comparison is being boosted by the rate and threshold changes to employer NICs. Receipts of employer NICs were up 23.8 per cent in June from … Continue reading Income Tax Starting to fall behind OBR forecasts