Quick Poll Results: Could the change in the primary threshold been implemented sooner?
11 April 2022
In the chancellor’s spring statement, it was announced that the national insurance primary threshold would be increasing in July 2022. Whilst this was appreciated as a significant relief for taxpayers with the rising cost of living, it was surprising to see the change being applicable from July even though threshold changes usually take place from April at the start of the tax year. Interestingly, the reason cited was to allow payroll software providers time to implement the change.
Some of the well-known software providers in the industry responded by publicly announcing that the change should be implemented sooner and they could implement the change immediately. The CIPP’s policy team has since been in communications with HM Treasury, to give them some feedback from the industry. We wanted to see how many of our members agreed that the change should have been applicable sooner. A significant majority of 63% agreed that the changes could be implemented sooner than July 2022. We are unable to confirm the background or specialism of the respondents, but the results give us a brief representation of the thoughts of payroll professionals.
|
Could the change in the primary threshold been implemented sooner? |
Percentage responded |
|
Yes - the changes could be made in time for the new tax year |
63% |
|
Government timelines should determine the implementation date |
6% |
|
No - some software providers need more time to implement the change |
17% |
|
No - time is needed for testing |
14% |
Please do bear in mind that our polls are just a snapshot in time, a one question poll which does limit the responses and does not cater for follow up. However, results can help provide an indication of a trend in a certain area, or where there is further work to do around raising awareness on a particular issue, and also qualifying where further research may be required.
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