Software developers: Payroll rates and thresholds for 2019-20

08 November 2018

HMRC’s Software Developers Support Team (SDST) has provided the following information:

Personal Allowance:

12,500

PAYE Thresholds:

Weekly:  240

Monthly:  1,042

Standard / Emergency tax code:

1250L

Tax Code uplifts:

L: 11850 to 12500 = 650 increase, therefore uplift 65

M: 13040 to 13750 = 710 increase, therefore uplift 71

N: 10660 to 11250 = 590 increase, therefore uplift 59

Income Tax Rates – England & Northern Ireland:

Basic rate 20% 1 – 37,500

Higher rate 40% 37,501 – 150,000

Additional rate 45% 150,001 >

Income Tax Rates - Scotland:

To be advised – Scottish Draft Budget 12 December 2018

Income Tax Rates – Wales  Proposed - Ratification due 15 January 2019:

Basic rate 20% 1 – 37,500

Higher rate 40% 37,501 – 150,000

Additional rate 45% 150,001 >

Higher rate threshold – England and Northern Ireland:

50,000

Higher rate threshold - Scotland:

To be advised.

Higher rate threshold – Wales:

50,000

Student Loan & Postgraduate Loan Thresholds and deduction rates:

Student Loan Plan 1  £18,935    9%

Student Loan Plan 2  £25,725    9%

Postgraduate Loan  £21,000    6%

Employment Allowance:

£3,000

Statutory Payments rates:

To be advised.

Class 1 National Insurance contributions

NI rates and earnings limits 2019-20

National Living Wage & National Minimum Wage rates:

NMW NLW rates 2019-20

 

CIPP comment

The Finance (No.3) Bill 2018 was published on 7 November 2018, along with the necessary supporting documents. We shall be scrutinising the Bill and bringing your further news items with details of the ‘need to know’ items that may not have highlighted at Budget 2018.