National Insurance guidance for software developers (2020 to 2021)
04 August 2020
HMRC has published National Insurance (NI) guidance for software developers for tax year 2020-21.
The guidance is made available each tax year, and its purpose is to provide NI calculation methods for payroll software developers. The contents include:
- NICs information for tax year commencing 6 April 2020
- Completing the payroll record (2020-21)
- Class 1A NICs on Termination Awards and Sporting Testimonial payments
- Description of the differences between calculating NICs
- Using the tables and the exact percentage method
- Rules for rounding
- NICs calculation formulae – exact percentage method
- Directors NICs calculation formulae
- NICs calculation formulae – tables method
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