Join Mathew Akrigg, Policy and Research Officer at the CIPP for a look at the Health and Social Care Levy, one of the biggest changes to payroll processes in the UK for some time.
The session will look at the changes that have been implemented from the beginning of the 2022/23 tax year, why they have been implemented in the way they have and explore the way this has impacted payroll. Are there any learning opportunities from the issues that have arisen, particularly around employee financial wellbeing and education? And are there any options available to use to mitigate costs, both for employees and employers, while also supporting financial wellbeing.
We must also look to 2023/24 when the Health and Social Care Levy will be separated from National Insurance. We still have a lot of unanswered questions before the new tax year, so what do we still need to know, what can we do to prepare and what are the implication of having the levy separated from National Insurance contributions?
With a background in accounting and delivering outsourced payroll to the NHS, Mathew is now a member of the CIPP Policy and Research Team. He strives to educate and represent the payroll industry and raise its profile in the business world.