Mini Budget 22: Govt confirms Health & Social Care Levy will be scrapped

The levy was previously introduced through a 1.25 percentage point rise in National Insurance (NI) contributions which came into effect in April 2022. It was expected to raise approximately £13 billion a year to fund health and social care. However, as part of the Government's commitment to a "low-tax, high-growth economy" the levy will not come into force as a separate tax from 6 April 2023. Instead, the Government has reconfirmed that it will reduce NI rates from 6 November 2022 and as a result, remove the temporary 1.25 percentage point increase for the remainder of this tax year. ...