Updated rates and translations from HMRC

HM Revenue and Customs has updated its web pages detailing ‘Rates and thresholds for employers’, essential information for operating a payroll or managing employee expenses and benefits.

Those for 2015 to 2016 tax year can be found at https://www.gov.uk/rates-and-thresholds-for-employers-2015-to-2016, while for the current year 2014 to 2015, see https://www.gov.uk/rates-and-thresholds-for-employers-2014-to-2015. As well as tax/NIC thresholds, these pages include national minimum wage, SSP, SMP, rates for reimbursing employee vehicle mileage, etc.

HMRC has also added Welsh translations to its PAYE Starter checklist, to record information about a new employee, https://www.gov.uk/government/publications/paye-starter-checklist

Plus a Welsh translation for Charities Online guidance on how to claim back tax on donations, online, https://www.gov.uk/claim-tax-back-on-donations-using-charities-online.

Further rates updates courtesy of Sandy Adirondack’s Legal Update:

The maximum weekly pay for calculating statutory redundancy pay for redundancies taking effect on or after 6th April, and other payments based on this figure, goes up from £464 to £475, http://www.sandy-a.co.uk/employment.htm#weeklypay.

For unfair dismissals taking effect on or after 6th April, the maximum compensatory award for unfair dismissal increases to £78,335, or 52 weeks’ of the employee’s normal pay, whichever is lower. For basic awards, the maximum is increased to £14,250. http://www.sandy-a.co.uk/employment.htm#dismissal-awards.

Leave a Reply