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What’s new in payroll
Key points
- Ensure payroll software has been updated for 2022-23.
- PAYE thresholds have been frozen in England Northern Ireland and Wales but not Scotland.
- New national minimum wage rates apply from 1 April 2022.
- The new health and social care levy will be collected by increasing National Insurance for 2022-23.
The end of the tax year is always a busy time for everyone in particular for those operating PAYE for clients and employees. But with the new tax year having just arrived let’s turn our attention to what the changes are for the new financial year.
PAYE
First employers should ensure that any payroll software update has been applied to their payroll system. The software should carry forward the tax codes from 2021-22 to 2022-23 for current employees and amend tax codes held on the payroll that are on a non-cumulative basis – week 1/month 1 –...
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