Legislation Rates and Allowances for Tax Year 2020/2021

Please note, whilst every effort has been made to ensure this information is correct, please check with HMRC if unsure.

Income Tax

Tax Bands rest of UK
RateBand(£)
20%0 – 37,500
40%37,501 – 150,000
45%Over 150,000

 

Tax Bands Wales
RateBand(£)
20%0 – 37,500
40%37,501 – 150,000
45%Over 150,000

 

Tax Bands Scotland
RateBand(£)
19%0 – 2,049
20%2,050 – 12,444
21%12,445 – 30,931
41%30,931 – 150,000
46%Over 150,000

 

Tax Codes rest of UK

Emergency Tax Code – 1250L

L Suffix Uplift +0

M Suffix Uplift +0

N Suffix Uplift +0

 

Tax Codes Wales

Emergency Tax Code – C1250L

L Suffix Uplift +0

M Suffix Uplift +0

N Suffix Uplift +0

 

Tax Codes Scotland

Emergency Tax Code – S1250L

L Suffix Uplift +0

M Suffix Uplift +0

N Suffix Uplift +0

 

Student Loans

Threshold Plan 1 – £19,390

Threshold Plan 2  – £26,575

Rate – 9%

Postgraduate Student Loans

Threshold £21,000

Rate 6%

 

National Insurance

National Insurance Thresholds

Employee and employer thresholds are as follows:
2020 – 2021:

FrequencyLELPTSTUELUSTAUST
Weekly120183169962962962
Monthly520732792416741674167
Annually624095008788500005000050000

NI Rates

Employee and Employer Rates are as follows:

NI Rates (Employee) (%)
BandA, M, HBCJ,Z
< LELNilNilNilNil
LEL to Threshold0%0%Nil0%
Threshold to UEL12%5.85%Nil2%
ST to UST/AUSTN/AN/AN/AN/A
> UEL/UST/AUST2%2%Nil2%

 

NI Rates (Employer) (%)
BandA, B, C, JM, ZH
< LELNilNilNil
LEL to Threshold0%0%0%
Threshold to UELN/AN/AN/A
ST to UST/AUST13.8%0%0%
> UEL/UST/AUST13.8%13.8%13.8%

Statutory Payments (Weekly)

SAP/SMP Rate – 151.20

SPP/ShPP Rate – 151.20

SPBP Rate – 151.20

SSP Rate – 95.85

Small Employers’ Relief Threshold

£45,000

 

Automatic Enrolment & Pensions

Weekly Pension Rates need to be adjusted:

Qualifying Earnings
Lower Threshold
Auto-enrolment
Trigger
Qualifying Earnings
Upper Threshold

120

192

962

  1. Monthly Pension Rates need to be adjusted:
Qualifying Earnings
Lower Threshold
Auto-enrolment
Trigger
Qualifying Earnings
Upper Threshold

520

833

4167

  1. Annual Pension Rates are:
Qualifying Earnings
Lower Threshold
Auto-enrolment
Trigger
Qualifying Earnings
Upper Threshold

6240

10000

50000

From 6 April 2019 onwards Employer Minimum Contribution is 3%, Total Minimum Contribution is 8% (Including 5% Employee Contribution)

 

Company Cars                                         

Appropriate Percentage (2020/2021)  

Cars registered before 6 April 2020

CO2 EmissionsElectric Range (miles)%
0g/kmN/A0%
1-50g/km>1302%
1-50g/km70-1295%
1-50g/km40-698%
1-50g/km30-3912%
1-50g/km<3014%
51-54g/kmN/A15%
Each additional 5g/km+1%
Maximum37%
Add 4% to a maximum of 37% for Diesel Cars, but not Diesel cars meeting RDE2 standard 

Cars registered from 6 April 2020

CO2 EmissionsElectric Range (miles)%
0g/kmN/A0%
1-50g/km>1300%
1-50g/km70-1293%
1-50g/km40-696%
1-50g/km30-3910%
1-50g/km<3012%
51-54g/kmN/A13%
Each additional 5g/km+1%
Maximum37%
Add 4% to a maximum of 37% for Diesel Cars, but not Diesel cars meeting RDE2 standard 
Note: Diesel Car that meet Real Driving Emissions Step 2 (RDE2) regulation, are exempt from 4% Supplement i.e. same as
Electric and Petrol (%)

Cars registered on or after 1st January 1998

Engine Size (cc)Other (%)Diesel (%)
1400cc or less2327
1401 to 2000cc3437
Over 2000cc3737
 All rotary engines3737

Cars registered before 1st January 1998

Engine Size (cc)Other (%)
1400cc or less23
1401 to 2000cc34
Over 2000cc37


Car Fuel Benefit (2020/2021)

The charge is £24,500

 

Current Approved Mileage Allowance Rates

First 10,000 milesEach subsequent mile
Privately owned car45p25p
Bicycle rate20p20p
Motorcycle rate24p24p
Passenger rate (each)5p5p

 

Miscellaneous

National Minimum Wage
Apprentice Rate (U19)Apprentice RateAge 16 and 17Age 18 and 20Age 21 to 24
£4.15£4.15£4.55£6.45£8.20
National Living Wage
Age 25+
£8.72

  

Construction Industry Scheme
Registered Rate (Matched Net)20%
Unregistered Rate30%
VAT Rate20%

 

Employment Allowance

£4,000

 

Scottish Earnings Arrestment Orders

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