LEL
ST
PT
UAP
UEL
Weekly
£111
£153
£153
£770
£805
2 weekly
£222
£306
£306
£1,540
£1,611
4 weekly
£444
£612
£612
£3,080
£3,221
Monthly
£481
£663
£663
£3,337
£3,489
Annual
£5,772
£7,956
£7,956
£40,040
£41,865
2013/14 NI thresholds
LEL
ST
PT
UAP
UEL
Weekly
£109
£148
£149
£770
£797
2 weekly
£218
£296
£299
£1,540
£1,595
4 weekly
£436
£592
£597
£3,080
£3,189
Monthly
£473
£641
£646
£3,337
£3,454
Annual
£5,668
£7,696
£7,755
£40,040
£41,450
Class 1 contribution rates for not contracted-out schemes and for contracted-out salary related schemes can be downloaded through this CIPP news link .
National Insurance guidance for software developers, effective for the tax year 2014-15
The 2014-15 version of this technical specification will be available before the end of December on the HMRC website at Payroll - technical specifications.
As a result of the announcement the 2014-15 Primary (employee) Threshold (PT) and Secondary (employer) Threshold (ST) are the same value. It is possible that indexation may result in these thresholds having different values in future years. In view of this and in order to avoid making unnecessary changes the formulae in the technical specification has not been changed. As a result the earnings between the ST and PT will be zero as will the NICs rebate for that portion of the earnings.
Draft legislation National Insurance Contributions Rates, Limits and Thresholds 2014/15
29 January 2014
Draft Regulations have been published confirming the NICs rates, thresholds and limits for the 2014/15 tax year.
We published details from HMRC’s Software Developers Support Team on 18 December and the figures are confirmed as set out below.
2014/15 National Insurance thresholds
LEL
ST
PT
UAP
UEL
Weekly
£111
£153
£153
£770
£805
CIPP Policy News Journal
16/04/2014, Page 239 of 519
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