Statutory payments: Small Employers Relief threshold and recovery rates
18 December 2017
The Small Employers Relief threshold (£45,000) and recovery rate (3%) should remain unchanged for 2018-19, as will the standard recovery rate (92%).
Our news item at the end of November detailed the Department for Work and Pensions (DWP) proposed statutory rates which will apply from April 2018.
In summary, the rate for Statutory Maternity Pay, Statutory Paternity Pay, Statutory Adoption Pay and Statutory Shared Parental Pay will be £145.18 and the Statutory Sick Pay rate will be £92.05.
HMRC’s Software Developers Support Team (SDST) informed us that the Small Employers Relief threshold (£45,000) and recovery rate (3%) remain unchanged for 2018-19, as does the standard recovery rate (92%).
These figures are all still subject to parliamentary approval.