{"id":1098,"date":"2022-03-23T16:29:18","date_gmt":"2022-03-23T16:29:18","guid":{"rendered":"https:\/\/mnpay.co.uk\/?p=1098"},"modified":"2022-03-23T16:29:18","modified_gmt":"2022-03-23T16:29:18","slug":"rebrand-marsland-nash-payroll-2","status":"publish","type":"post","link":"https:\/\/mnpay.co.uk\/2022\/03\/23\/rebrand-marsland-nash-payroll-2\/","title":{"rendered":"SPRING STATEMENT MARCH 2022"},"content":{"rendered":"<div class=\"vce-row-container\" data-vce-boxed-width=\"true\"><div class=\"vce-row vce-row--col-gap-30 vce-row-equal-height vce-row-content--top\" id=\"el-69f27e14\" data-vce-do-apply=\"all el-69f27e14\"><div class=\"vce-row-content\" data-vce-element-content=\"true\"><div class=\"vce-col vce-col--md-auto vce-col--xs-1 vce-col--xs-last vce-col--xs-first vce-col--sm-last vce-col--sm-first vce-col--md-last vce-col--lg-last vce-col--xl-last vce-col--md-first vce-col--lg-first vce-col--xl-first\" id=\"el-5eb55cd7\"><div class=\"vce-col-inner\" data-vce-do-apply=\"border margin background  el-5eb55cd7\"><div class=\"vce-col-content\" data-vce-element-content=\"true\" data-vce-do-apply=\"padding el-5eb55cd7\"><div class=\"vce-text-block\"><div class=\"vce-text-block-wrapper vce\" id=\"el-227e39f3\" data-vce-do-apply=\"all el-227e39f3\"><h3>Rishi Sunak made the spring Statement today, a summary is below:<\/h3><ul style=\"font-weight: 400;\"><li>Fuel costs: a temporary cut in fuel duty from tonight of 5p per litre.&nbsp; This will save about \u00a33 per week off of an average family car tank of fuel according to RAC.<\/li><li>The national insurance threshold for employees will rise to \u00a312,570 from July , and be in line with the personal allowance. For many employees this will largely offset the rise in the rate of national insurance, which increases from 12% to 13.25% for 22\/23. We will update director clients if their payroll needs to change in light of these announcements.<\/li><\/ul><ul style=\"font-weight: 400;\"><li>The employment allowance rises from \u00a34,000 to \u00a35,000 per year from 6 April 2022, this will mitigate the rise in employer national insurance for the smallest employers, the Employer\u2019s NI rate rises from 13.80% to 15.05% in 2022\/23.<\/li><\/ul><ul style=\"font-weight: 400;\"><li>Energy saving solar panels and heat pumps will see a drop of VAT rate from 5% to 0% for 5 years.<\/li><\/ul><ul style=\"font-weight: 400;\"><li>Inflation could reach 7.4% for this year, and is currently 6.2%<\/li><\/ul><ul style=\"font-weight: 400;\"><li>A pledge to cut basic rate tax from 20p to 19p by the end of the parliament in 2024.<\/li><\/ul><h3>Already announced-<\/h3><ul style=\"font-weight: 400;\"><li>The minimum wage\/national living wage will increase to \u00a39.50 from April 2022.<\/li><li>Dividend rates will rise by 1.25% in line with the NI increases from April 2022.<\/li><li>Benefits and state pension are to rise 3.1% in April, well below inflation.<\/li><\/ul><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Rishi Sunak made the spring Statement today, a summary is below:Fuel costs: a temporary cut in fuel duty from tonight of 5p per litre.&nbsp; This will save about \u00a33 per week off of an average family car tank of fuel according to RAC.The national insurance threshold for employees will rise to \u00a312,570 from July , [&#8230;]<\/p>\n<p><a class=\"btn\" href=\"https:\/\/mnpay.co.uk\/2022\/03\/23\/rebrand-marsland-nash-payroll-2\/\">Find Out More<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - 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