Payroll: desktop version 2.58.2

Karishma Updated by Karishma

We are pleased to announce the latest release of Payroll: desktop version 2.58.2!

As you will be aware, on 22nd November, the Autumn Statement laid out the payroll changes for the next financial year. Included in this was a mid-year change to the main rate of Class 1 employee National Insurance contributions (NICs) from 12% to 10% from 6th January 2024.

This therefore requires in-year changes to payroll which is the sole purpose of this software update and should be treated as a mandatory update to ensure that your payroll remains compliant.

The legislative changes within this release are as follows:

· Main rate of Class 1A NICs adjusted - The main rate of Class 1A NICs will be lowered from January 6th to 10%.

· Directors revised annualised NI rate - For Directors, a revised annualised National Insurance main rate will also apply to ensure consistency with the mid-year changes.

The full details contained in the emergency budget can be found here.

Links to the HMRC legislative tables can be found here.

If you host Payroll and need to install the program yourself, here are the instructions.
To complete the install, click on the download link you will have received via email to download the zip file and extract the file.

Once extracted, run the AdvancedPayrollInstaller.exe program which will present you with the following window:

Click I Agree to take you to the next window:

This should default to Upgrade with the application locations displayed. Click Next to continue.

This will begin the install as shown by the progress bar. Once the progress bar is complete you will presented with the data conversion screen.
Click OK to run this through and then click Close once this has completed to finish the install.

Please ensure that once the upgrade has been completed the version you are on is 2.58.2

The full list of changes can be found in the table below:

Type

Description

Change Notes

Desktop v.2.58.2

11/12/2023

Product Enhancement

Rate of Class 1A NICs adjusted

The main rate of Class 1A NICs will be reduced to 10% from the 6th April 2024

Product Enhancement

Directors revised annualised NI rate

For Directors, a revised annualised National Insurance main rate will also apply to ensure consistency with the mid-year changes

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