Welcome to the Weatherer Bailey Bragg Website, we hope you enjoy your visit ...... Meet the Weatherer Bailey Bragg Team ...... We are registered auditors under the Companies Act Click Here for details ...... We offer monthly or quarterly management accounts ...... We have a range of services to help you cope with Corporate Tax Legislation ...... We are specialists in dealing with HM Revenue & Customs Aspect Enquiries, Full Tax Investigations and Special Civil Investigations Office Click Here for details ...... View our cost effective VAT Service ......

National Insurance Contributions from April 2009

April 2009

From 6 April 2009, changes have been made to how employers will have to record National Insurance Contributions (NICs) due to changes to the State Second Pension. Employers will have to record NICs in the following four earnings bands, with the introduction of the Upper Accrual Point:

  • earnings up to and including the Lower Earnings Level (LEL), where earnings are equal to or exceed the LEL
  • earnings above the LEL up to and including the Earnings Threshold (ET)
  • earnings above the ET up to and including the Upper Accrual Point (UAP)
  • earnings above the UAP up to and including the Upper Earnings Limit (UEL).

MRC’s P11 Calculator on their CD-ROM has been updated to include all four earnings bands shown above.

It may be worth checking that, if you use payroll software, your provider has made these NICs changes available as part of the annual upgrade.

HMRC’s paper form P11 Deductions Working Sheets have been updated. The 2009/10 version can be obtained from the Employer Orderline. Old stocks of P11 sheets should be destroyed. Further help on completing the 2009/10 P11 can be found in the Employer Helpbook E11 Starting the Tax Year.

Internet link: HMRC employer bulletin