Statutory payments: Small Employers Relief threshold and recovery rates
03 December 2018
Our recent news item detailed the Department for Work and Pensions (DWP) proposed statutory rates which will apply from April 2019.
In summary, the proposed rate for Statutory Maternity Pay, Statutory Paternity Pay, Statutory Adoption Pay and Statutory Shared Parental Pay will be £148.68, and the Statutory Sick Pay weekly rate will be £94.25.
HMRC’s Software Developers Support Team (SDST) informed us that the Small Employers Relief threshold (£45,000) and recovery rate (3%) remain unchanged for 2019-20, as does the standard recovery rate (92%).
These figures are all still subject to parliamentary approval.