HMRC have updated the 2024/25 version of its CWG2 employer guide to PAYE and NICs to note the following:
tax-free lump sums over £30,000 paid to employees who cannot work due to disability, injury or ill health no longer need to be reported to HMRC (also reflected in the 2023/24 edition);
the new rules around reporting salary advances have been added; and
the latest rates of NICs have been updated as necessary throughout.
HMRC have also published the 2024/25 edition of its guide CA44National Insurance for company directors.
HMRC have updated the 2024/25 version of its CWG2 employer guide to PAYE and NICs to note the following:
tax-free lump sums over £30,000 paid to employees who cannot work due to disability, injury or ill health no longer need to be reported to HMRC (also reflected in the 2023/24 edition);
the new rules around reporting salary advances have been added; and
the latest rates of NICs have been updated as necessary throughout.
HMRC have also published the 2024/25 edition of its guide CA44National Insurance for company directors.
