However , it transpires that , rather than actual tax cuts , either reducing the basic rate of taxation that will most benefit the wealthiest , or reduce the amount paid in VAT , which will benefit those who can afford to spend the most , or cutting the employers rate of National Insurance contributions , which will benefit employers but not employees , the wily Downing Street dodger is planning to dish out supposed tax cuts in the guise of tax credits , the confused and bureaucratic scheme that is already costing the tax-payer , according to an investigation by MPs , £ 1bn a year from fraudsters and is also costing £ 600 million a year employing some 10,000 civil servants in conducting ' means-testing ' assessments on submissions .