NI change 6th July 2022 – are you ready?

Increase in National Insurance thresholds On 23rd March 2022 in the Spring Statement 2022, the UK government announced an increase in National Insurance primary thresholds affecting the 2022 to 2023 tax year. HMRC are reminding employers that the primary threshold changes take effect from 6th July 2022, resulting in employees paying National Insurance contributions on … Continue reading NI change 6th July 2022 – are you ready?

June 2022 HMRC Employer Bulletin

HMRC have published their June 2022 edition of the employers bulletin. It covers a multitude of topics. A primary focus is on the National Insurance changes which come into force from 6th July 2022. Topics covered include: PAYE Changes to our webchat service Increase in National Insurance thresholds Basic PAYE Tools — additional in-year release … Continue reading June 2022 HMRC Employer Bulletin

Take advantage of National Insurance relief when hiring veterans

Businesses hiring military veterans can save thousands of pounds in employee National Insurance contributions, thanks to a scheme launched by the government’s Office of Veterans’ Affairs. From 6th April 2022 employers will not have to pay National Insurance contributions for veterans in their first year of civilian employment after leaving the armed forces. Businesses will … Continue reading Take advantage of National Insurance relief when hiring veterans

Spring Statement 2022

Dear PAYadvice.UK, The Chancellor made his annual Spring Statement speech today where he set out the Government’s tax plan to support the UK economy, businesses and families in both the short and the medium term. Key measures the Chancellor announced as part of the plan include: •an increase to the National Insurance Primary Threshold for … Continue reading Spring Statement 2022

Employment allowance increased to £5,000

As part of the spring statement initiatives, the Chancellor, Rishi Sunak, has announced an increase to the Employment Allowance from £4,000 to £5,000 Employment Allowance is a relief which allows eligible businesses to reduce their employer National Insurance contributions (NICs) bills each year Around 495,000 businesses (30% of all businesses) benefit from the increase, including … Continue reading Employment allowance increased to £5,000

Payroll surprise in spring statement

As part of the Spring Statement 2022 given on Wednesday 23rd March 2022, the government announced a change to National Insurance calculations which are to be applicable from Monday 6th July 2022. Increase is Primary Threshold The chancellor has announced an increase in the Class 1 National Insurance Primary Threshold from £9,880 to £12,570, the … Continue reading Payroll surprise in spring statement

February 2022 HMRC Employer Bulletin

HMRC publishes their Employer Bulletin online 6 times a year, providing employers and agents with the latest information on topics and issues that may affect them. In the February 2022 edition there are important updates and information on: PAYE Basic PAYE Tools ― new release Changes to our Employer Helpline processes Health and Social Care … Continue reading February 2022 HMRC Employer Bulletin

The 2022 annual report on the National Insurance Funds

Focus on the National Insurance Fund The Government Actuary has published the annual report on the National Insurance Fund (NIF) for Great Britain. The report: projects contribution income, benefit payments and the balance of the NIF over the coming financial yearsis a source of information for MPs who scrutinise the government’s draft legislation for up-rating … Continue reading The 2022 annual report on the National Insurance Funds

Software Developers HMRC NI Guidance 2022/2023 EB5 (updated to reflect the Spring Statement 2022)

The HMRC Software Support Team (SDST) have issued the National Insurance Contributions guidance for software developers. 6th April 2022 - 5th July 2022 Originally issued in January 2022 and intended to be applicable for the full tax year, NI plans changed by announcement at the governments Spring Statement 2022. This first version now relates to … Continue reading Software Developers HMRC NI Guidance 2022/2023 EB5 (updated to reflect the Spring Statement 2022)

Health and Social Care payslip message issued

On 7th September 2021, the government announced a new 1.25% Health and Social Care Levy to fund investment in the NHS and social care. The Levy will be effectively introduced from April 2022 when National Insurance Contributions (NICs) for working age employees, self-employed people and employers will increase by 1.25% and be added to the … Continue reading Health and Social Care payslip message issued

Legislation update 2022 for payroll

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Following the successful Legislation update 2021 for payroll by PAYadvice.UK with 19,500 hits and downloads since its launch at the beginning of 2021, following the UK budget on 27th October trigger and confirming a number of payroll changes for April 2022, along with announcement by States of Guernsey and States of Jersey - PAYadvice.UK have … Continue reading Legislation update 2022 for payroll

The year of two budgets! 2021 budget date set

The Chancellor has launched (7th September) Spending Review 2021 (SR21), which will conclude on 27th October 2021 alongside an Autumn Budget and set out the government’s spending priorities for the Parliament. The three-year review will set UK government departments’ resource and capital budgets for 2022-23 to 2024-25 and the devolved administrations’ block grants for the same … Continue reading The year of two budgets! 2021 budget date set

HMRC June 2021 Employer Bulletin

HMRC have issued the June 2021 Employer Bulletin, again, packed full with information. In this month’s edition of the Employer Bulletin there are updates and information on the following: Coronavirus (COVID-19) updates and information Coronavirus: how HMRC will continue to support customers and the economyClaim working from home tax reliefContinued support for businesses: Statutory Sick … Continue reading HMRC June 2021 Employer Bulletin

HMRC April 2021 Employer Bulletin

HMRC have issued the April 2021 Employer Bulletin, again, packed full with information. In this month’s edition of the Employer Bulletin there are updates and information on COVID-19 updates and information:Coronavirus Job Retention SchemeVAT deferral new payment schemeNew one-off payment of £500 to support working households receiving tax creditsExtension of filing dates for internationally mobile … Continue reading HMRC April 2021 Employer Bulletin

CA38/CA40/CA41/CA42/CA44 National Insurance contributions tables issued (at last)

For the second year running the HMRC have issued the National Insurance contributions tables very late on 6th April. Traditionally issued in late February, the 2021/2022 tables have been issued on Tuesday 6th April 2021. The fact that pay calculations have been required in preparation for payments in the new tax year seems to no … Continue reading CA38/CA40/CA41/CA42/CA44 National Insurance contributions tables issued (at last)

National Insurance contributions relief for employers who hire veterans

At Spring Budget 2020, the Chancellor announced the introduction of a National Insurance holiday for employers that hire former members of the UK regular armed forces. The holiday will exempt employers from any National Insurance contributions liability on a veteran’s salary up to the Upper Secondary Threshold (UST) in their first year of civilian employment. … Continue reading National Insurance contributions relief for employers who hire veterans