TAX RATES AND ALLOWANCE

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• Basic Rate 20% up to £37,400
• 40% Rate £37,400.01 to £150,000
• 50% Rate Over £150,000

• Tax becomes payable after:
  • £124 weekly £539 monthly

Employee's Contribution (Table A) are 12% on earnings between ET and UEL and 2% on earnings above UEL

Employer’s Contribution 13.8% on all earnings above employer threshold £136 (weekly) £590 (monthly)

Upper accruals point (for contracted out rebate)  £770 per week

Employee's Contribution (Table A) are 11% on earnings between ET and UEL and 1% on earnings above UEL

Employer’s Contribution 12.8% on all earnings above £110 (weekly) £476 (monthly)

• Up to 10,000 business miles 40p per mile
• Over 10,000 business miles 25p per mile

Motor Cycles 24p per mile

Bicycles 20p per mile

You can also pay up to 5p per mile free of tax and NICs for each employee who travels as a passenger on a business journey.