Autumn Statement Changes for 2013-14
On 5th December 2012 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 the student loan calculation and for automatic enrolment into a pension scheme. The changes are effective 6th April 2013. Our Position Statement includes these legislative updates and the delivery timelines for the respective changes. We advise customers to review the position statement to keep up-to-date. The Position Statement can be found on My Oracle Support, Document ID 1514384.1.