• M: 13040 to 13750 = 710 increase, therefore uplift 71 • N: 10660 to 11250 = 590 increase, therefore uplift 59
Income Tax Rates – England & Northern Ireland: Basic rate 20 % 1 – 37,500 Higher rate 40 % 37,501 – 150,000 Additional rate 45 % 150,001 >
Income Tax Rates - Scotland: To be advised – Scottish Draft Budget 12 th December 2018
Income Tax Rates – Wales Proposed - Ratification due 15 th January 2019: Basic rate 20 % 1 – 37,500 Higher rate 40 % 37,501 – 150,000 Additional rate 45 % 150,001 >
Higher rate threshold – England and Northern Ireland:
50,000
Higher rate threshold - Scotland: To be advised.
Higher rate threshold – Wales: 50,000
Student Loan & Postgraduate Loan Thresholds and deduction rates: Student Loan Plan 1 £18,935 9% Student Loan Plan 2 £25,725 9% Postgraduate Loan £21,000 6%
Employment Allowance: £3,000
Statutory Payments rates: To be advised.
Class 1 National Insurance contributions NI rates and earnings limits 2019-20
National Living Wage & National Minimum Wage rates: NMW NLW rates 2019-20
CIPP comment The Finance (No.3) Bill 2018 was published on 7 November 2018, along with the necessary supporting documents. We shall be scrutinising the Bill and bringing your further news items with details of the ‘need to know’ items that may not have highlighted at Budget 2018.
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Guidance for Software Developers for April 2019 – Student Loans 19 November 2018
The HMRC Software Developer Support Team (SDST) have updated their guidance to support Software Developers for the 2019-20 tax year.
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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