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Once all of a company’s payrolls for 2024/25 have been committed into the 2025/26 tax year, P60s can be run within standard reports, the report P60 Pre Printed 2024-25 has been added under the statutory category. This can be printed out on plain paper.
Foe For those using the Payslip Portal the P60 will be directly available for the employee along with payslips their payslip upon commit.
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New Rates
All of the legislative information for the 2024/25 Tax Year can be found through the company - legislative details screen. This will include the well documented increase to Employer’s NI, whilst with the exception of Scotland, tax rates and thresholds remain identical to 2024/25.
A key change is that Small Employer’s Compensation rate for Statutory reclaims has been increased from 3 to 8.5% for 2025/26. SER is applicable to employer's with a Class 1 NI bill in previous years of £45,000 or less. The small business and small business (previous year) refer to 2024/25 and 2023/24 and are used determined by the last complete tax year before the employee’s Qualifying Week (QW) or Matching Week (MW) for adoptions.
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