Changes to PAYE and NIC

Please be aware of the following changes to PAYE and NIC which take effect from 6th April 2013. If you have any questions on any aspect of this or the Real Time Information (RTI) changes, please call our Payroll team who will be happy to advise on 0131 556 8595.

 

PAYE
Bandwidth From To Rate (%)
                                                                       –                 0.01            9,440.00                –
                                                        32,010.00         9,440.01          41,450.00         20.00
                                                     150,000      41,450.01       150,000         40.00
 Excess    150,000  Excess         50.00
National Insurance Contributions
Lower earnings limit, primary Class 1 £109 £107
Upper earnings limit, primary Class 1 £797 £817
Upper accrual point £770 £770
Primary Threshold £149 £146
Secondary Threshold £148 £144
Employees’ primary Class 1 rate between primary threshold and upper earnings limit 12% 12%
Employees’ primary Class 1 rate above upper earnings limit 2% 2%
Employer’s Class 1 Rate 13.80% 13.80%

Ricky worked as an Investigator in the Inland Revenue for over 20 years before founding Steedman & Company in 1987, giving him the experience and knowledge that’s enabled him to help so many clients over the years.

His appearance on a Channel 4 television programme about the inside workings of Revenue and Customs was watched by 4.1m, sealing his status as one of the most highly respected tax consultants working in Scotland today.

Ricky leads all tax investigation and COP 9 cases, using his extensive knowledge to help people reach a positive resolution to their situation.