HM Revenue and Customs has updated guidance and instructions in preparation to be operated from 6th April 2022. P9X Tax codes to use from 6 April 2022 Use P9X to find out which PAYE tax codes to change, how to change them and which codes to carry forward ready for the new tax year. P9X(2022) … Continue reading HMRC issue new guidance to operate from 6th April 2022
Category: 2022 Legislation Update
On the 21st October 2021, the UK government indicated approval of the Low Pay Commission recommendation for the uplifting of minimum pay rates within the United Kingdom – these new minimum rates apply for pay periods commencing on or after 1st April 2022 . The National Living Wage (NLW) increases to £9.50, a 6.6% rise. With the … Continue reading National Minimum Wage and National Living Wage increases April 2022
The tables and values for Scottish Earnings Arrestments are reviewed every three years withproposals being put forward to the Scottish Parliament. These have been approved and are applicable from 6th April 2022 for any new deduction of Earnings Arrestments whether pre-existing or new. Any calculation of Scottish Earnings Arrestments, including Conjoined Earnings Arrestment calculation will … Continue reading Scottish Earnings Arrestments – 6th April 2022
Do you operate payroll for the Isle of Man? The SD Worx pay solution (HRe Active Technology) has facilities that can support employers in the operation of Isle of Man Payrolls. Please note that it does not cover the electronic reporting to the islands authorities however, the data can be exported and reported using the Isle of Man … Continue reading Isle of Man – 2022
Qualifying sickness for the Statutory Sick Pay Rebate Scheme closed on 17 March 2022. Qualifying employers have until midnight 24 March 2022 to submit any rebate claims for absence periods up to 17 March 2022, or to amend claims already submitted. Qualifying employers will no longer be able to claim back Statutory Sick Pay (SSP) … Continue reading Final claims for the Statutory Sick Pay Rebate Scheme
The Scottish Parliament has the power to set the Income Tax rates and bands for the non-savings, non-dividend income of Scottish taxpayers, with the revenue received coming to the Scottish Government through the operation of the Fiscal Framework. Responsibility for the other parts of the Income Tax system, which includes reliefs and exemptions, and setting … Continue reading Income Tax for Scotland 2022/2023
The Secretary of State for Pensions has announced that the Pension Earnings Threshold along with the Qualifying Earnings Lower Band and Upper Band are frozen at the same levels applicable from 6th April 2021. This places the Lower Earnings Threshold (LT or LET) at a lower value than the National Insurance Lower Earnings Limit (LEL). … Continue reading Pension AE Thresholds Frozen for April 2022 – review your pension scheme contribution rules
Recap of the year Thresholds and rates were set in April 2022 The Primary Threshold was raised in July 2022 The September Mini Budget reversed the April 2022 rate uplift, back to 21/22 levels, but kept the higher threshold from July Mini Budget Update - From 6th November 2022 National Insurance reduced back to 12% … Continue reading National Insurance 2022/2023