Unless otherwise stated, these figures apply from 6 April 2021 to 5 April 2022.
PAYE tax and Class 1 National Insurance contributions
You normally operate PAYE as part of your
payroll so HMRC can collect Income Tax and National Insurance from your employees.
Your payroll software will
calculate how much tax and National Insurance to deduct from your employees’ pay.
Tax thresholds, rates and codes
The amount of Income Tax you deduct from your employees depends on their tax code and how much of their taxable
income is above their Personal Allowance.
What Brexit VAT implications does your business need to be aware of? How businesses manage Value Added Tax
(VAT) will radically change this year because of two events: the introduction of Making Tax Digital (MTD)
The former is a certainty and we have advice on what it means for your business, a checklistto help
you get ready and moreMTD advice
articles to prepare your business.