Legislative Rates and Allowances for 2018/2019

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

Income Tax

Tax Bands
RateBand(£)
20%0 – 34,500
40%34,501 – 150,000
45%Over 150,000

 

Tax Bands Scotland
RateBand(£)
19%0 – 2,000
20%2,000 – 12,150
21%12,151 – 31,580
41%31,581 – 150,000
46%Over 150,000

 

Tax Codes

Emergency Tax Code – 1185L

L Suffix Uplift +35

M Suffix Uplift +39

N Suffix Uplift +31

 

Tax Codes Scotland

Emergency Tax Code – 1185L

L Suffix Uplift +35

M Suffix Uplift +39

N Suffix Uplift +31

 

Student Loans

Threshold Plan 1 – £18,330

Threshold Plan 2  – £25,000

Rate – 9%

 

National Insurance

NI Bands
Pay PeriodLELSTPTUELUSTAUST
2017-182018-192017-182018-192017-182018-192017-182018-192017-182018-192017-182018-19
Weekly113 116157162157162866892866892866892
2 -Weekly2262323143243143241,7311,7831,7311,7831,7311,783
4 -Weekly452 4646286486286483,4323,5663,4623,5663,4623,566
Monthly490 5036807026807023,7503,8633,7503,8633,7503,863
Annual5,8766,0328,1648,4248,1648,42445,00046,35045,00046,35045,00046,350
 LEL = Lower Earnings Limit

ST = Secondary Threshold

PT = Primary Threshold

UEL = Upper Earnings Limit

UST = Upper Secondary Threshold

AUST = Upper Secondary Threshold for Apprentices

 

 NI Rates (Employee) (%)NI Rates (Employer)(%)
BandA,M,HBCJ,ZA,B,C,JM,Z H
<LELNilNilNilNilNilNilNil
LEL to ThresholdNilNilNilNilNilNilNil
Threshold to UEL125.85Nil213.8
ST to UST/AUSTNilNil
>UEL/UST/AUST22Nil213.813.813.8

 

Statutory Payments (Weekly)

Sick Pay – £92.05

Adoption Pay – £145.18

Maternity Pay – £145.18

Shared Parental Pay – £145.18

Paternity Pay – £145.18

 

Small Employers’ Relief Threshold

£45,000

 

Automatic Enrolment & Pensions

 Weekly2 Weekly4 WeeklyMonthlyQuarterlyBi-AnnualAnnual
Qualifying Earnings Lower Threshold£116 £232£464£503£1,508£3,016£6,032
Automatic Enrolment Trigger£192£384£768£833£2,499£4,998£10,000
Qualifying Earnings Upper Threshold£892£1,783£3,566£3,863£11,588£23,175£46,350

 

Company Cars (2018/2019 onwards)

Appropriate Percentage

CO2 EmissionsOtherDiesel
0-50g/km13%17%
51-75g/km16%20%
74-94g/km19%23%
Each additional 5g/km+1% 
Maximum benefit37%

*Diesel cars that meet Real Driving Emissions Step 2 (RDE2), are exempt from the 4% supplement i.e. same as Other

 

HMRC Advisory Fuel Rates from 1 Dec 2017 (Pence per mile)

Engine SizePetrolLPG
1400cc or less11p7p
1401 to 2000cc14p9p
Over 2000cc21p14p
 
Diesel
1600cc or less9p
1601 to 2000cc11p
Over 2000cc13p

Fuel Scale Charge

The taxable benefit is obtained by multiplying the fuel scale charge of £23,400 by the appropriate percentage used to calculate the car benefit. Company van fuel benefit surcharge £610 for tax year 2017/2018

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 RateAge 16 and 17Age 18 and 20Age 21 to 24
£3.70£4.20£5.90£7.38
National Living Wage
Age 25+
£7.83

  

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

 

Employment Allowance

£3,000

 

See how KashFlow works with your business and your books