The Government yesterday announced with effect from 6 April 2022 an increase of 1.25% to class 1 employees and employers national insurance, class 4 national insurance and income tax on dividends to fund shortfalls in the NHS and social care.
This will have the following effect on rates:
Draft legislation has not yet been published so these details could still change and we will keep you up to date with any new information.
The Government also announced that the Autumn Budget will take place on 27th October 2021 and we will update you of the key points as they are announced.
We are here to help do please contact us should you wish to discuss any of the above.