ICAEW.com works better with JavaScript enabled.
Exclusive content
Access to our exclusive resources is for specific groups of students, users, members and subscribers.
Q: I have a Director client who is being paid an salary payment in June 2022 and when the payment is put into the payroll software it is applying a primary NIC threshold of £11,908. Is this correct as the new NIC thresholds are not meant to apply until 6 July 2022.

A: In the tax year 2022/23, the two separate Primary Thresholds for employees (£190 per week up to 5 July 2022 and £242 per week from 6 July 2022) don’t apply to directors. Instead there is an amalgamated director’s Annual Earnings Period of £11,908, and this applies to any payments made at any point in 2022/23.

Disclaimer

These publications from Markel Tax were correct at the time of going to press and should be considered as principles-based guidance only. To check current validity, call the Markel Tax helpline. ICAEW (as distributor) disclaims all liability for any errors or omissions.

About Markel Tax

Markel Tax offers expert advice on UK tax and VAT via its helpline and provides monthly FAQs with questions and answers on common tax issues for businesses and practitioners.