The government has confirmed that delayed introduction of the NICs bill means employer NICs on payments above £30,000 will not now apply until 6 April 2020.
Legislation introduced in Finance (No.2) Act 2017 aligned the rules for income tax and employer NICs by making an employer liable to pay NICs on any part of a termination payment they make to an employee that exceeds the £30,000 threshold. For income tax, the measure has effect from 6 April 2018.
The government has confirmed that delayed introduction of the NICs bill means employer NICs on payments above £30,000 will not now apply until 6 April 2020.
Legislation introduced in Finance (No.2) Act 2017 aligned the rules for income tax and employer NICs by making an employer liable to pay NICs on any part of a termination payment they make to an employee that exceeds the £30,000 threshold. For income tax, the measure has effect from 6 April 2018.
.tmb-editorspic.jpg?sfvrsn=df04ab27_1)
