Income tax and national insurance

New and updated

• Date:

  23 September 2022

  Type:

  News

  Mini-Budget: Chancellor cuts taxes and lifts bankers' bonus cap

  The Chancellor of the Exchequer has confirmed cuts to income tax and national insurance, and has removed the cap on bankers' bonuses in his "mini-Budget" today.

• Date:

  22 September 2022

  Type:

  News

  National insurance rise to be reversed

  The recent 1.25% national insurance rise will be reversed in November and the Health and Social Care Levy will be scrapped, the Treasury has announced.

• Date:

  31 August 2022

  Type:

  News

  Tax body launches review into hybrid and global working

  The Office of Tax Simplification has launched a consultation into the tax status of remote and hybrid workers.

• Type:

  Legal timetable

  National insurance primary threshold increases

  Updated to reflect that the National Insurance Contributions (Increase of Thresholds) Act 2022 has received Royal Assent.

• Type:

  Legal timetable

  Employment allowance increases

  The employment allowance increases to £5,000 per year.

• Type:

  Legal timetable

  Lower earnings limit for national insurance contributions increases

  The lower earnings limit for primary Class 1 national insurance contributions increases to £123 per week.

• Type:

  Legal timetable

  Health and social care levy introduced

  Employers and employees are subject to a new tax, known as the health and social care levy.

• Type:

  FAQs

  Do all employers have to use real time information for their PAYE reporting?

• Type:

  FAQs

  What are the duties of the employer regarding leavers and new employees under the PAYE system?

• Type:

  FAQs

  What is the PAYE system?