HMRC is asking employers, where appropriate, to include the following message on payslips:
‘1.25% uplift in NICs, funds NHS, health & social care’.
This message is for the payslips of employees who have to pay the increased contribution between 6 April 2022 and 5 April 2023. This is so that they understand what it’s helping to fund.
Employers will deduct the levy from employee earnings and will pay this to HMRC on their behalf using the PAYE payroll system.
From April 2023, you’ll need to report the levy as a new item through your payroll. You will need to show it on payslips as a separate 1.25% levy for employees who have to pay it.
If you have any questions on any of the above, please get in touch with the office: sally.phillips@wardwilliams.co.uk or call 01932 830664.