axis payroll User Guide Supplement March 2024 |
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1. What's New? |
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1.1 Employer Bulletins February 2024 and March 2024 |
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You are advised to read the Employer Bulletin-February 2024 and Employer Bulletin-March 2024 which are available from the GOV.UK website |
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1.2 P60 Stationery |
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Employers continue to be required to supply all employees with a P60 if they are still in your employment at the end of each tax year. HMRC are no longer supplying pre-printed stationery. axis payroll prints the P60 documents to a PDF file from where the documents can then be printed on plain A4 paper and issued to your employees. Note: for axis payroll 2020 and 2022 users or those that have the Paperless Payroll Foundation feature, running Create P60 Atttachments will create an axis payroll password protected pdf version of the P60 on the employee record. Additionally, for axis payroll systems with the People HR Interface feature or the eDoc Deposit Interface feature, P60's can be delivered to your employees via their People HR or eDoc Deposit account. These are password protected and an additional password protected copy is stored in the attachments tab of the employee record in axis payroll.
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1.3 National Insurance Contributions Rates |
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On 6th March 2024, the government announced reductions in Class 1 employee National Insurance contributions from 10% to 8% from 6th April 2024. axis payroll software releases from 18th March 2024 will include these updated rates.
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1.4 Employment Allowance from 6th April 2024 |
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The annual Employment Allowance for eligible businesses remains at £5,000 for tax year 2024-2025.
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1.5 Changes to Scottish Income Tax |
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The Scottish Government have announced changes to Scottish Income Tax, which will take place from 6 April 2024 including the introduction of a new tax band, Advanced rate. For further details on those changes, please refer to the Scottish Income Tax 2024 to 2025 factsheet published by the Scottish Government. |
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1.6 Changes to Paternity Leave and Pay |
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HM Government is making changes to the way Paternity Leave and Pay can be claimed and taken from 6th April 2024, which allow fathers and partners to take their leave and Statutory Paternity Pay in non-consecutive blocks. Currently, only one block of leave can be taken, which can be either one or two weeks. It will also allow fathers and partners to take their leave and pay at any point in the first year after the birth or adoption of their child. axis payroll has been updated for these changes.
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1.7 Rates and Thresholds for Employers |
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The HMRC published rates and thresholds for employers 2024-2025 can be found at Rates and Thresholds for Employers 2024 to 2025 |
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