National Insurance increase reversed - 6th Nov 2022
On 6 April 2022, National Insurance Contributions (NICs) increased by 1.25%. The NICs increase was due to be replaced by the Health and Social Care Levy in April 2023.
The Chancellor of the Exchequer has now confirmed that the increase will be reversed from 6th November 2022. Additionally, the new Health and Social Care Levy will no longer be introduced in April 2023.
Following the announcement, we will update Sage Business Cloud Payroll to reflect these changes. We plan to release an automatic update well in advance of the 6th November 2022. We'll add a message in the product to let you know when the update is released. We will also update this article with all the details.
For more information, visit the GOV.UK website (opens in a new tab)