HMRC have updated the online guidance available, now providing a detailed list of income tax and NIC rates applicable to employers for 2019/20. The comprehensive list can be used by employers for 2019/2020 for payroll and employee expenses.
The list includes:
- PAYE tax and Class 1 National Insurance Contributions
- Tax thresholds, rates, and codes
- Class 1 National Insurance thresholds
- Class 1 National Insurance rates
- Class 1A National Insurance: expenses and benefits
- Class 1B National Insurance: PAYE Settlement Agreements (PSAs)
- National Minimum Wage
- Statutory Maternity, Paternity, Adoption and Shared Parental Pay
- Statutory Sick Pay (SSP)
- Student loan and Postgraduate loan recovery
- Company cars: Advisory Fuel Rates (AFRs)
- Employee vehicles: Mileage Allowance Payments (MAPs)