National Insurance classįind out more about National Insurance classes. All tax and National Insurance due on small or irregular expenses and benefits can be made in one annual payment.
If you have a PSA, you have to pay Class 1B National Insurance. Class 1B National Insurance and paying PAYE Settlement Agreements ( PSAs) Pay employers’ Class 1A National Insurance. You report and pay Class 1A at the end of each tax year. You must pay Class 1A National Insurance on work benefits you give to your employees, for example a company mobile phone. National Insurance category letterĮarnings at or above LEL up to and including STĮarnings above ST up to and including UEL, UST, AUSTĬlass 1A National Insurance and paying expenses and benefits Pay employers’ PAYE tax and National Insurance. You pay secondary contributions (employer’s National Insurance) to HMRC as part of your PAYE bill. National Insurance category letterĮarnings at or above LEL up to and including PTĮarnings above the PT up to and including UEL Upper Secondary Threshold (under 21) ( UST)Īpprentice Upper Secondary Threshold (apprentice under 25) ( AUST)Ĭlass 1 National Insurance rates Employee (primary) contribution ratesĭeduct primary contributions (employee’s National Insurance) from your employees’ pay through PAYE. You can only make National Insurance deductions on earnings above the Lower Earnings Limit ( LEL). The emergency tax codes from 6 April 2018 are:įind out more about emergency tax codes. PAYE tax rates and thresholdsĢ0% on annual earnings above the PAYE tax threshold and up to £34,500Ĥ0% on annual earnings from £34,501 to £150,000ġ9% on annual earnings above the PAYE tax threshold and up to £2,000Ģ0% on annual earnings from £2,001 to £12,150Ģ1% on annual earnings from £12,151 to £31,580Ĥ1% on annual earnings from £31,581 to £150,000 It also depends on how much of their taxable income is above their Personal Allowance. The amount of Income Tax you deduct from your employees depends on their tax code.
MAKEMKV REGISTRATION CODE APRIL 2018 SOFTWARE
Your payroll software will calculate how much tax and National Insurance to deduct from your employees’ pay. You normally operate PAYE as part of your payroll so HMRC can collect Income Tax and National Insurance from your employees.
PAYE tax and Class 1 National Insurance contributions These figures apply from 6 April 2018 to 5 April 2019, unless it gives another period.
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