Policy News Journal - 2017-18

SDST want everyone to switch early so if any submissions are still pending to the old system they can find them before it is too late.

You can contact SDST by email SDSTeam@hmrc.gsi.gov.uk if you require further information or technical support throughout your transition.

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Further correction to tax code uplifts 2018-19 3 January 2017

HMRC’s Software Developers Support Team (SDST) has provided a second correction to the rates and thresholds for the 2018-19 tax year.

Following the publication of the Finance Bill on 1 December 2017, SDST provided Payroll rates and thresholds for 2018-19 . A correction was then provided for the tax code uplift for suffix M which changed from 39 to 38.

SDST has reviewed the figures again and can confirm that the figures are as follows:

Tax code uplifts: • Suffix L: 11500 to 11850 = 350 increase, therefore uplift 35 . • Suffix M: 12650 to 13035 = 385 increase. This is rounded up to nearest £10 therefore 390 increase, uplift 39 . • Suffix N: 10350 to 10665 = 315 increase, therefore uplift 31 (not rounded up).

Once again, please accept SDST’s apologies for any confusion or inconvenience caused.

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Scottish income tax rates and thresholds for 2018/19 payroll 3 January 2017

HMRC’s Software Developers Support Team (SDST) has provided information regarding the tax rates and thresholds to apply for Scottish taxpayers during 2018/19.

Following the Scottish draft budget on 14 December, details regarding the tax rates and thresholds to apply for Scottish taxpayers during 2018/19 have been provided.

Starter rate 19%

£1 - 2,000

Basic rate 20%

£2,001 - 12,150

Intermediate rate 21%

£12,151 - 32,423

Higher rate 41%

£32,424 - 150,000

Top rate 46%

£150,001 and above

It is not necessary to allocate a tax code to the new Scottish starter rate. The fifth/Top rate introduces code SD2:

Basic rate 20%

code SBR

Intermediate rate 21%

code SD0

Higher rate 41%

code SD1

The Chartered Institute of Payroll Professionals

Policy News Journal

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