Release 4.11.00

Version

4.11.00

Released

Jun 2022

Summary

This release includes the following updates.

NI Primary Thresholds

For the 2022/2023 tax year, there will be two sets of NI parameters. The first set applies to pay periods from 6 April 2022 to 5 July 2022, and the second for pay periods from 6 July 2022 to 5 April 2023.

Directors NI Rate

The annual Primary Threshold for Directors is £11,908 and differs from the standard threshold of £12,570. This threshold is effective for the duration of the 2022/2023 tax year. Directors using the annual method should continue to use the new pro-rata annual Primary Threshold of £11,908 for pay periods with a pay date from 6 July.

Directors using the alternative method should use the new period Primary Threshold for pay periods with a pay date from 6 July 2022 onwards. The Primary Threshold of £9,880 will apply for pay periods with a pay date from 6 April 2022 to 5 July 2022 for Directors, as permitted by HMRC.

Print Tax NI Pension

The Print Tax NI Pension Parameters report has been updated to include the two sets of NI thresholds for the 2022/2023 tax year.