June 30 Britain's Finance Minister George
Osborne will unveil plans to merge income tax and national
insurance, as a key element of the next Conservative manifesto,
the Times reported, citing sources.
The paper said Downing Street was actively considering the
Fears that merging of the two systems would lead to security
concerns had caused Osborne to pull back from making an
announcement in April, the paper said citing a source.
"We came within a whisker of doing this at the last budget,
but in the end we decided against it," the Times quoted a source
"They are currently on two separate computer systems and we
thought the risk was just too great. But it's something we could
do in the next parliament."
The Treasury's press office could not be reached for comment
outside of regular business hours.
(Reporting by Esha Vaish in Bangalore; Editing by Diane Craft)