From April 2022, the new Health and Social Care Levy comes
into effect. It might be called a ‘levy’ but the HSCL (a new payroll
acronym will be getting very used to) is just an additional tax on
employers and employees, which will be collected via National
Insurance contributions in 2022/23, and as a separate deduction
on payslips from April 2023.
NOTE: with the cost to employ increasing by the equivalent of 9% only three months away, are there any opportunities to mitigate this cost increase? (Not forgetting, there is also a significant increase in national minimum wage which will impact all wage differentials as well.)
This free guide contains everything employers will need to know, including planning tips and other tax schemes available.
[You can also download the employee guide here]
[WEBINAR] - 10th March 2022 4pm - 6pm BST
Join us for a live presentation and update with Samantha Johnson, Policy Lead at CIPP for the HSCL and what to expect in the new tax year. The event is free to attend and is open to anyone working in payroll. Learn more and register here.
PayDashboard is an interactive cloud payslip that integrates with your payroll software to deliver an all-encompassing employee payday experience. PayDashboard means increased efficiencies for you, and access to fairer finance for employees.
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