By Kristen Emery-Oracle on Dec 29, 2014
Autumn Statement Changes for 2015-16
On 3rd of December 2014, The Chancellor of the Exchequer delivered his Autumn Statement. Following the announcement, updated rates and thresholds were released affecting certain calculations with respect to National Insurance, PAYE and Statutory Payments. In addition, new thresholds have been announced for student loan calculation and NIC for less than 21 Years of Age. The changes are effective 6th of April 2015. Our revised position statement includes these legislative changes and the respective delivery timelines. We advise customers to review the position statement to keep up-to-date. Our Position Statement can be found on My Oracle Support, Document ID 1631637.1.