The UK has published the Health and Social Care Levy Act 2021, which received royal assent (was enacted) on 20 October 2021. The legislation provides for the introduction of a new Health and Social Care Levy equal to 1.25% on the amount of earnings or profits in respect of which national insurance contributions (NICs) are payable. The 1.25% levy also applies on the amount of earnings or profits in respect of which NICs would be payable if pension age restriction provisions are ignored. Proceeds from the new levy are ringfenced for the purpose of funding the costs of the UK...