Tax Card 2017-18

Selected Rates Basic Retirement Pension – Single person

£122.30 £195.60 £159.35 £243.25 £159.55

– Couple

Pension Credit Standard Minimum Guarantee – Single person

– Couple

New State Pension

Child Benefit is paid at £20.70 (first eligible child) or £13.70 (each subsequent child). Statutory Pay qualification – average weekly earnings (AWE) £113 or over. Sick (SSP) The standard rate is £89.35 per week for up to 28 weeks.  Maternity (SMP), Adoption (SAP) and Paternity (SPP) paid at the lower of £140.98 or 90% of AWE apart from first 6 weeks of SMP and SAP which are paid at 90% of AWE. SMP and SAP are payable for up to 39 weeks. SPP is payable for up to 2 weeks. Jobseeker’s Allowance is paid at £73.10 (single person – 25 or over) or £114.85 (couple – both 18 or over). Universal Credit (monthly rates) – Standard allowance for a single person (25 or over) is £317.82. The couple’s rate (where one or both are 25 or over) is £498.89. The new Universal Credit is being phased in gradually. National Living Wage Workers aged 25 and over – £7.20 from April 2016

and £7.50 from April 2017. National Minimum Wage Age From 1 October 2016 £6.95 21-24

18-20 16 and 17 Apprentices*

£5.55 £5.60

£4.00 £4.05

£3.40

From 1 April 2017 £3.50 *Rate applies to apprentices under 19, or 19 and over in the first year of apprenticeship. £7.05

Key Dates & Deadlines

Payment Dates

2017-18 2016-17

Income Tax and Class 4 NICs 1st payment on account 31 January 2nd payment on account 31 July

2018 2018 2019 2019 2018

2017 2017 2018 2018

Balancing payment

31 January 31 January

Capital Gains Tax

Class 1A NICs 2017 Corporation Tax – 9 months and one day after the end of accounting period (or by quarterly instalments if large company) 2016-17 Returns Filing Deadlines 31 May 2017 Issue P60s to employees 6 July 2017 P11D and P11D(b) – and appropriate copies to employees 31 October 2017 Self Assessment Tax Return (SATR) – paper version 30 December 2017 SATR Online where outstanding tax (subject to cap) to be included in 2018-19 PAYE code 31 January 2018 SATR Online Under Real Time Information most employers must notify HMRC of payments and deductions on or before the time of payment. Some concessions apply. Budget Day edition. Rates subject to change – contact us for latest. For general guidance only, no responsibility is taken for action taken or refrained from in consequence of card contents. FOR ELECTRONICUSEONLY 19 July

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