The Chartered Institute of Payroll Professionals ……………………………………………………………Policy News Journal
Standard Rate
£88.45
£89.35
The recovery rates have not been confirmed. We will publish these when they become available.
The full list of Proposed benefit and pension rates 2017 to 2018 are available on GOV.UK.
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Small employers relief threshold and recovery rate 5 December 2016
An update from HMRC’s SDS Team confirms that there will be no changes to the Small Employers Relief threshold and recovery rates for 2017-18.
Update from HMRC’s Software Developers Support Team (SDST):
Statutory Payments
The Small Employers Relief threshold (£45,000) and recovery rate (3%) remain unchanged for 17-18, as does the standard recovery rate (92%).
The proposed new weekly rates are shown below and will, subject to Parliamentary approval, apply for payment weeks beginning on or after the first Sunday in April which is 2 April 2017.
Statutory Adoption Pay Statutory Maternity Pay Statutory Paternity Pay
£140.98 £140.98 £140.98 £140.98
Statutory Shared Parental Pay
The new Statutory Sick Pay weekly rate is £89.35 and will apply from 6 April 2017
Tax code uplifts
Code Suffix L : increased by 50 Code Suffix M : increased by 55 Code Suffix N : increased by 45
The emergency code (for the whole of the UK) will be 1150L X (W1/M1)
PAYE Tax Table Routines Specification
Values for the PAYE Tax Table Routines specification v15
R1 = 10.00% R2 = 20.00% R3 = 40.00% R4 = 45.00%
(Rate 1) NOT USED
(Rate 2) (Rate 3) (Rate 4) (Band 1) (Band 2) (Band 3)
B1 = £0
B2 = £33,500 B3 = £116,500
K1 = blank or zero
(Cumulative Annual Tax 1) (Cumulative Annual Tax 2) (Cumulative Annual Tax 3)
K2 = £6,700 K3 = £53,300
G pointer Maxrate
2
50%
An announcement about the Scottish tax rates and bandwidths for 17-18 is due to be made in the Scottish Draft Budget on 15 December 2016.
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The Chartered Institute of Payroll Professionals
Policy News Journal
cipp.org.uk
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