HM Treasury have recently consulted on an area of Statutory Payment policy which will impact payroll software. Employers can currently reclaim 92% of employees’ Statutory Maternity, Statutory Paternity, Statutory Adoption, Statutory Parental Bereavement and Statutory Shared Parental Pay. If a business has paid £45,000 or less in Class 1 National Insurance (ignoring any reductions like … Continue reading Payroll 2025-26: NICs compensation rate on Statutory Payments →