The Government is introducing a new UK-wide Health and Social Care Levy which will mean significant extra costs for both employers and employees. Self-employed people and those receiving dividend income will also be impacted.
A standalone Levy charge will be introduced from April 2023, to give HMRC time to put in place systems and procedures to deal with what will effectively be a new tax. Until the Levy is introduced, most NIC rates will rise temporarily by 1.25 percentage points from April 2022.
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If you would like further guidance or to discuss in more detail the long term impact of the health and social care levy, please get in contact
