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 | |
| Rate | Band(£) |
| 20% | 0 – 37,500 |
| 40% | 37,501 – 150,000 |
| 45% | Over 150,000 |
| Tax Bands Wales | |
| Rate | Band(£) |
| 20% | 0 – 37,500 |
| 40% | 37,501 – 150,000 |
| 45% | Over 150,000 |
| Tax Bands Scotland | |
| Rate | Band(£) |
| 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:
| Frequency | LEL | PT | ST | UEL | UST | AUST |
|---|---|---|---|---|---|---|
| Weekly | 120 | 183 | 169 | 962 | 962 | 962 |
| Monthly | 520 | 732 | 792 | 4167 | 4167 | 4167 |
| Annually | 6240 | 9500 | 8788 | 50000 | 50000 | 50000 |
NI Rates
Employee and Employer Rates are as follows:
| NI Rates (Employee) (%) | ||||
|---|---|---|---|---|
| Band | A, M, H | B | C | J,Z |
| < LEL | Nil | Nil | Nil | Nil |
| LEL to Threshold | 0% | 0% | Nil | 0% |
| Threshold to UEL | 12% | 5.85% | Nil | 2% |
| ST to UST/AUST | N/A | N/A | N/A | N/A |
| > UEL/UST/AUST | 2% | 2% | Nil | 2% |
| NI Rates (Employer) (%) | |||
|---|---|---|---|
| Band | A, B, C, J | M, Z | H |
| < LEL | Nil | Nil | Nil |
| LEL to Threshold | 0% | 0% | 0% |
| Threshold to UEL | N/A | N/A | N/A |
| ST to UST/AUST | 13.8% | 0% | 0% |
| > UEL/UST/AUST | 13.8% | 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 |
- Monthly Pension Rates need to be adjusted:
| Qualifying Earnings Lower Threshold | Auto-enrolment Trigger | Qualifying Earnings Upper Threshold |
|---|---|---|
520 | 833 | 4167 |
- 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 Emissions | Electric Range (miles) | % |
| 0g/km | N/A | 0% |
| 1-50g/km | >130 | 2% |
| 1-50g/km | 70-129 | 5% |
| 1-50g/km | 40-69 | 8% |
| 1-50g/km | 30-39 | 12% |
| 1-50g/km | <30 | 14% |
| 51-54g/km | N/A | 15% |
| Each additional 5g/km | +1% | |
| Maximum | 37% | |
| Add 4% to a maximum of 37% for Diesel Cars, but not Diesel cars meeting RDE2 standard |
Cars registered from 6 April 2020
| CO2 Emissions | Electric Range (miles) | % |
| 0g/km | N/A | 0% |
| 1-50g/km | >130 | 0% |
| 1-50g/km | 70-129 | 3% |
| 1-50g/km | 40-69 | 6% |
| 1-50g/km | 30-39 | 10% |
| 1-50g/km | <30 | 12% |
| 51-54g/km | N/A | 13% |
| Each additional 5g/km | +1% | |
| Maximum | 37% | |
| Add 4% to a maximum of 37% for Diesel Cars, but not Diesel cars meeting RDE2 standard |
Cars registered on or after 1st January 1998
| Engine Size (cc) | Other (%) | Diesel (%) |
| 1400cc or less | 23 | 27 |
| 1401 to 2000cc | 34 | 37 |
| Over 2000cc | 37 | 37 |
| All rotary engines | 37 | 37 |
Cars registered before 1st January 1998
| Engine Size (cc) | Other (%) |
| 1400cc or less | 23 |
| 1401 to 2000cc | 34 |
| Over 2000cc | 37 |
Car Fuel Benefit (2020/2021)
The charge is £24,500
Current Approved Mileage Allowance Rates
| First 10,000 miles | Each subsequent mile | |
| Privately owned car | 45p | 25p |
| Bicycle rate | 20p | 20p |
| Motorcycle rate | 24p | 24p |
| Passenger rate (each) | 5p | 5p |
Miscellaneous
| National Minimum Wage | ||||
| Apprentice Rate (U19) | Apprentice Rate | Age 16 and 17 | Age 18 and 20 | Age 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 Rate | 30% |
| VAT Rate | 20% |
Employment Allowance
£4,000
Scottish Earnings Arrestment Orders
