`The Chartered Institute of Payroll Professionals
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National Insurance documentation updated Published: 6 July 2022 Emailed: 6 July 2022
Following the announcement in the spring statement that the National Insurance (NI) Primary Threshold (PT) would be increased, HMRC has updated guidance to reflect the changes. In a highly unusual move, these changes have taken place mid tax year. As a result, some guidance documents have effective dates up to 5 April 2022 and separate documents effective from 6 April until the end of the tax year. The following NI guidance has been updated:
CA40: Employees allowed to pay their own National Insurance CA41: National Insurance contributions tables B, C, I and S CA42: Foreign-going mariners and deep-sea fishermen CA44: National Insurance for company directors
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How the NI reversal affects Class 1A, 1B and directors NI Published: 22 September 2022 Emailed: 28 September 2022
It has been announced that the increase to National Insurance (NI) rates is to be scrapped from 6 November 2022. This has many implications, one of which is on NI calculations that are performed annually.
For these we will see blended rates, proportionally splitting them across the year. Class 1A and class 1B contributions will be set at 14.53% for the year.
For directors each band has a new percentage:
2021-22
2022-23 (as of this announcement)
12%
12.73%
2%
2.73%
13.8%
14.53%
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National Insurance guidance updated Published: 7 November 2022 Emailed: 9 November 2022
HM Revenue and Customs has updated guidance pages for National Insurance (NI) rates and thresholds. These pages required updates due to the abolishment of the NI rise we saw in April coming into effect from 6 November 2022.
The pages updated are:
Rates and allowances: National Insurance contributions Rates and thresholds for employers 2022 to 2023
The Autumn Statement is due on 17 November which may bring further information about the NI rates and thresholds for 2023/24.
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