Payroll Tax Rates 2018 / 2019

Standard tax code is 1185L. This gives an annual earnings allowance of £11,850

 

 

 

England, Northern Ireland & Wales

2018-2019	Bandwidths	Tax Rate
Taxable Earnings	0 - £34,500	20%
Taxable Earnings	£34,501 - £150,000	40%
Taxable Earnings	£150,000	45%

Scotland

2018-2019	Bandwidths	Tax Rate
Scottish Starter Tax Rate	up to £2,000	19% on annual earnings above the PAYE tax threshold
Taxable Earnings	£2,001 - £12,150	20%
Taxable Earnings	£12,151 to £31,580	21%
Taxable Earnings	£31,581 - £150,000	41%
Taxable Earnings	£150,000	46%

Statutory Payments

	Statutory Payments
Statutory Sick Pay up to 28 weeks (no reimbursement)	£89.35pw	£17.87 per day - 5 days
Statutory Maternity /Adoption Pay paid for 39 weeks	First 6 weeks 90% of average weekly earnings	Followed by 33 weeks at £145.18 or average weekly earnings if less
Statutory Paternity Pay up to 2 weeks	£145.18 or average weekly earnings if less
Small Employer Threshold	Less than £45,000 of previous years NIC	Recover 100% plus 3% compensation
Large Employer	Only on SMP/SPP/SAP	92% Recovery

National Minimum Wage

	National Minimum Wage
Age	Rate per hour From 1/04/18
Apprentice	£3.70
16-17	£4.20
18-20	£5.90
21-24	£7.38
25+	£7.83

National Insurance Earnings

National Insurance Earnings	Per Week	Per Month	Per Annum	Employees	Employers
Lower Earnings Limit (LEL)	£116	£503	£6,032	Nil	Nil
Primary Threshold (PT)	£162	£702	£8,424	12%	13.8%
Secondary Threshold (ST)	£162	£702	£8,424	12%	13.8%
Upper Accrual Point (UAP)	£892	£3,863	£46,350	12%	13.8%
Above Upper Earnings Limit (UEL)	£892	£3,863	£46,350	2%	13.8%

NB Less up to £2000 Annual Employment Allowance

 

Full details of all tax rates can be found on the HMRC site.