axis payroll User Guide Supplement January 2024 |
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1. Whats New? |
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1.1 Employer Bulletin December 2023 |
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You are advised to read Employer Bulletin December 2023 which is available from the GOV.UK website |
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1.2 Reduction in the Rate of National Insurance Contributions from 6th January 2024 |
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As announced by the government 22nd November 2023, the rates of employee National Insurance Contributions (NIC) will be cut by 2 percentage points for employees. This cut will take effect from 6th January 2024 and it will cover Class 1 NICs Main Rate. axis payroll has been updated to reflect these new rates and you must install a software update for your axis payroll system before running your payroll for pay dates on or after 6th January 2024.
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