New Tax Year Rates & thresholds

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21 March 2019
By Brilliant Accountants
New Tax Year Rates and thresholds 2019

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.

Have Any Questions?

We would be happy to discuss any accounts with you.
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