From the 6th November the 1.25 percentage point increase which came into force from the start of the 2022/23 tax year will be reversed. All payroll software providers should publish updates to remove the uplift. The Health and Social Care Levy of 1.25% will no longer go ahead as it was planned to from April 2023.
In other news, HMRC have released the October Employer Bulletin. As usual the bulletin covers a wide range of subjects, outlining updates and providing important information.
The bulletin shared details of a new starter checklist. This now can be completed online by the employee and then downloaded and passed to the employer. It should also be noted that if an employee has a student loan, even if they have a P45 they will still need to complete a starter checklist to ensure the correct student deductions are made.