National Insurance changes from November 2022

The new chancellor Kwasi Kwarteng certainly provided some surprises in his mini budget and pro-growth plan ahead of his fuller autumn Budget due to take place later this year. This included an announcement that the government ‘intends to reduce both the main and additional rates of class 1 class 1A class 1B and class 4 contributions from 6 November 2022 and stop the health and social care levy from coming into force’.

This article will focus on the National Insurance changes that are set to take place from 6 November 2022 and 6 April 2023 and will touch on the implications of the IR35 changes set to take place from next April.

In my article ‘What’s new in payroll’ Taxation 7 April 2022 page 20 I mentioned that the second increase to the primary threshold from 6 July 2022 was the...