IRIS Cascade system updates for payroll year-end 2023/24

Rate changes

Legislative rates for the 2024/2025 tax year have been updated on the following screens to match the information provided by HMRC:

  • Apprenticeship Levy

  • Employment Allowance

  • National Insurance

  • Postgraduate Loans

  • Shared Parental Pay

  • Statutory Adoption Pay

  • Statutory Maternity Pay

  • Statutory Parental Bereavement Pay

  • Statutory Paternity Pay

  • Statutory Sick Pay

  • Student Loan

  • Tax

Under Maintenance > Legislation you can view the new rates that come into effect for the 2024/2025 tax year after completing year-end.

Tax

We have updated Tax code formats and calculations.

National Insurance

We have updated National Insurance code and calculations.

FPS changes

We have updated the FPS in line with HMRC specifications for the 2024/2025 tax year. These changes do not affect any FPS relating to the 2023/2024 tax year.

EPS changes

We have updated the EPS in line with HMRC specifications for the 2024/2025 tax year. These changes will not affect any EPS relating to the 2023/2024 tax year.

Automatic enrolment

To reflect the new HMRC/TPR rates for the 2024/2025 tax year, we have updated the Auto Enrolment thresholds in Admin > Auto Enrolment > Qualifying Earning Thresholds.