Sage 50 payroll v30.01 is now available. The uk government's autumn statement in november 2023 brings a significant change effective.
This measure confirms the main rate of primary class 1 national insurance contributions will be cut by 2 percentage points from 10% to 8% from 6 april 2024. Business news at 05:30 pm on 1st july, 2024.
The Main Rate Of Class 4.
The spring budget announcement included a reduction of the main rate of employee national insurance for the 2024/25 tax year.
On 6 January 2024, Class 1 National Insurance Contributions (Nics) Are To Be Lowered From 12% To.
National insurance contributions (nics) will be cut from 10% to 8% on earnings of.
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The Main Rate Of Class 1 Nic's Will.
Employees being paid via paye will see a four percent cut in national insurance contributions starting from april 6th 2024.
You Must Update Your Ni Rates In Sage 50.
The starting rate for national insurance for 27 million workers fell from 12% to 10% on 6 january 2024, and again to 8% on 6 april.