Ensure your payroll software is ready for upcoming National Insurance changes

On 23 March 2022, the UK Government announced that the National Insurance thresholds would be increased from 6 July 2022.

As a result, you will need to ensure that your payroll software is updated to accurately reflect the increased NIC thresholds for any payments dated 6 July 2022 or later. This may happen automatically, or you might need to take action to update your software.

If you run your payroll early, you need to check that your software has been updated before processing and reporting these payments. For example, HMRC’s Basic PAYE Tools will not be updated until 4 July 2022, so please wait until after then to run payroll.

If you are unsure if your software has been updated, please contact your software provider. If we complete your payroll for you, you don’t need to do anything, we will ensure the correct thresholds are being used before completing your payroll.

For more information or support with any payroll query, or to discuss outsourcing your payroll function, please contact our EQ Accounting payroll team today on info@eqaccounting.co.uk or call 01382 312140.