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UK Legislative Update: UK Payroll Health and Social Care Levy
HMRC recently published information relating to the new Health and Social Care Levy being introduced by the UK government.
From April 2022, there will be an increase of 1.25% to the rates used in the calculation of National Insurance. In the Oracle payroll application this will affect Class 1 (employee and employer) and Class 1A (employer only). The rate changes will be implemented through the legislative update patch in January 2022 in the normal way.
During tax year 2022/23, HMRC have requested that employers include a message on the payslips detailing that the NI increase is related to the Health and Social Care Levy. Functionality already exists in the application to handle this. Details of how this works will be included in the end of year documentation.
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