The changes will be assessed and monitored through information collected from tax returns. If there are any questions about the change, the advice is to contact Victoria Bedford on 03000 562088 or email at victoria.bedford@hmrc.gov.uk.
CIPP comment
The CIPP appreciates hearing feedback from our members, particularly in relation to experiences or commentary on changes to legislation and policy. If you would like to share your thoughts, please contact the Policy team at policy@cipp.org.uk.
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NI threshold values for use in 2020-21 published by government 31 January 2020
The National Insurance (NI) threshold values for tax year 2020-21 have been published by the government. The values are as follows:
Lower Earnings Limit (LEL) - £120 / week, £520 / month, £6,240 / year
Primary Threshold (PT) - £183 / week, £792 / month, £9,500 / year
Secondary Threshold (ST) - £169 / week, £732 / month, £8,788 / year
The Upper Earnings Limit (UEL) - £962 / week, £4,167 / month, £50,000 per year
The UEL remains unchanged from the current tax year.
The primary (employee) and secondary (employer) thresholds are different set at different rates for 2020-21 after several years of alignment.
The draft legislation can be located here: http://www.legislation.gov.uk/ukdsi/2020/9780111192580/contents
CIPP comment
Please note that this is a draft item of legislation and has not yet been made as a UK Statutory Instrument.
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Employment Allowance gudiance published – for eligible claimants from 6 April 2020 11 February 2020
HMRC have published new guidance to aid employers as they claim Employment Allowance (EA) from 6 April 2020.
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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