Legislative Update for PeopleSoft HCM Global Payroll United Kingdom
By Carolyn Cozart on Jan 05, 2014
Autumn Statement Changes for 2014-15
On 5th of December 2013, 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 earning thresholds for automatic enrolment into a pension scheme. The changes are effective 6th of April 2014.
In order to ensure compliance with this legislative initiative Oracle has updated the position statement that is made available on, My Oracle Support, Document ID 1514384.1.