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Employer Bulletin outlines NICs changes

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HMRC’s Employer Bulletin for October 2022 confirms the reversal of the NICs 1.25% percentage point increases with effect from 6 November 2022 and sets out general advice for employers – emphasising the short timeframe in which to make the necessary changes for the November payroll run.

Users of HMRC’s Basic PAYE Tools are advised to install the latest update (version 22.2) after 4 November.

The Bulletin also highlights the following:

  • HMRC’s New Starter Checklist;
  • new basis period rules from April 2024, with transition from April 2023; and
  • new late-filing and late-payment penalties for VAT periods starting on or after 1 January 2023.
Issue: 1594
Categories: News
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