You can only make National Insurance deductions on earnings above the Lower Earnings Limit ( LEL).
The emergency tax codes from 6 April 2018 are:įind out more about emergency tax codes. PAYE tax rates and thresholdsĢ0% on annual earnings above the PAYE tax threshold and up to £34,500Ĥ0% on annual earnings from £34,501 to £150,000ġ9% on annual earnings above the PAYE tax threshold and up to £2,000Ģ0% on annual earnings from £2,001 to £12,150Ģ1% on annual earnings from £12,151 to £31,580Ĥ1% on annual earnings from £31,581 to £150,000 It also depends on how much of their taxable income is above their Personal Allowance. The amount of Income Tax you deduct from your employees depends on their tax code. Your payroll software will calculate how much tax and National Insurance to deduct from your employees’ pay.
You normally operate PAYE as part of your payroll so HMRC can collect Income Tax and National Insurance from your employees. PAYE tax and Class 1 National Insurance contributions These figures apply from 6 April 2018 to 5 April 2019, unless it gives another period.
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