Basic Rate
£13,851 – £24,000
20%
Intermediate Rate
£24,001 – £43,430
21%
Higher Rate
£43,431 – £150,000**
41%
Top Rate
Above £150,000**
46%
* Assumes individuals are in receipt of the standard UK personal allowance. ** Those earning more than £100,000 will see their personal allowance reduced by £1 for every £2 earned over £100,000.
For further information the Scottish Government has produced a Fact Sheet about the updated income tax proposals:
Back to Contents
P6 coding notices - update 2 February 2018
Further to the message regarding delayed issue of P6 coding notices, HMRC has now resumed issue.
“HMRC will resume the issue of P6 coding notices today (1 February). All P6 notices which were held will be released in date order over the next 3 to 4 working days. We apologise for any inconvenience.”
This message was published on the Pay As You Earn (PAYE): service availability and issues page on GOV.UK.
Back to Contents
P9X: Tax codes to use from 6 April 2018 2 February 2018
The 2018 version of P9X (English and Welsh) are now available for employers which confirms the tax codes to change and which to carry forward for the new tax year on 6 April.
Use P9X to find out which PAYE tax codes to change, how to change them and which codes to carry forward ready for the new tax year.
P9X: Tax codes
Back to Contents
Correction to article in ‘Professional in Payroll, Pensions & Reward’ 12 February 2018
In the latest February edition of the CIPP’s magazine an error has been identified in the article ‘2018/19 The Year Ahead’.
In the February 2018 (issue 37) the article entitled ‘2018/19 The Year Ahead’ has table of income and tax rates in the Scottish Income Tax section at the top of page 21.
The interactive version of the magazine on the CIPP website has been updated to show the correct rates, which are shown in the table below for clarification:
Gross Income (£)
Income tax rate
The Chartered Institute of Payroll Professionals
Policy News Journal
cipp.org.uk
Page 331 of 516
Made with FlippingBook - Online magazine maker