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2022 mini-budget summary – how will the changes impact payroll professionals?

cipHR

The government has announced the reversal of the 1.25% increase of National Insurance Contributions (NICs) and the dividend equivalent, which had been introduced in April 2022. This will be delivered in two parts: The government will reduce NI rates from 6 November 2022, in effect removing the temporary 1.25 NI changes.

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Compliance Management | Dotting the I’s and crossing the T’s

Ascender

Looking ahead through the rest of 2017, Low says further changes can possibly be expected to penalty rates. Meanwhile, the ATO is introducing Single Touch Payroll – a government initiative intended to streamline business reporting obligations – in a number of phases from 1 July 2017. “We