Small employers relief threshold and recovery rate
06 December 2016
Update from HMRC’s Software Developers Support Team (SDST):
Statutory Payments
The Small Employers Relief threshold (£45,000) and recovery rate (3%) remain unchanged for 17-18, as does the standard recovery rate (92%).
The proposed new weekly rates are shown below and will, subject to Parliamentary approval, apply for payment weeks beginning on or after the first Sunday in April which is 2 April 2017.
Statutory Adoption Pay £140.98
Statutory Maternity Pay £140.98
Statutory Paternity Pay £140.98
Statutory Shared Parental Pay £140.98
The new Statutory Sick Pay weekly rate is £89.35 and will apply from 6 April 2017
Tax code uplifts
Code Suffix L: increased by 50
Code Suffix M: increased by 55
Code Suffix N: increased by 45
The emergency code (for the whole of the UK) will be 1150L X (W1/M1)
PAYE Tax Table Routines Specification
Values for the PAYE Tax Table Routines specification v15
R1 = 10.00% (Rate 1) NOT USED
R2 = 20.00% (Rate 2)
R3 = 40.00% (Rate 3)
R4 = 45.00% (Rate 4)
B1 = £0 (Band 1)
B2 = £33,500 (Band 2)
B3 = £116,500 (Band 3)
K1 = blank or zero (Cumulative Annual Tax 1)
K2 = £6,700 (Cumulative Annual Tax 2)
K3 = £53,300 (Cumulative Annual Tax 3)
G pointer 2
Maxrate 50%
An announcement about the Scottish tax rates and bandwidths for 17-18 is due to be made in the Scottish Draft Budget on 15 December 2016.