HMRC have released their latest Employer Bulletin. As always, these bulletins are worth a read if you are an employer to help stay up to date with any changes.
The standout update, which has already been widely advertised, is the increase in the National Insurance Primary Threshold. The Primary Threshold is the threshold at which employees NI starts to be deducted. It is worth noting that for directors, who’s NI is calculated on an annual basis, the increase will be pro-rata’d to £11,908 for 2022/23.
To read the bulletin please follow the link!