HMRC publishes rates and thresholds for tax year 2021-22
02 February 2021
HMRC has published the rates and thresholds to be used when operating payrolls and providing expenses and benefits to employees, for tax year 2021-22.
This 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 1A National Insurance: termination awards and sporting testimonial payments
- Class 1B National Insurance: PAYE Settlement Agreements (PSAs)
- National Minimum Wage
- Statutory Maternity, Paternity, Adoption, Shared Parental and Parental Bereavement Pay
- Statutory Sick Pay (SSP)
- Student loan and postgraduate loan recovery
- Company cars: advisory fuel rates
- Employee vehicles: mileage allowance payments
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