Government Tax

Government Tax

TAX BANDS & RATES

No of Tax Bands
This is gives the number of tax rates.

Band 1 ... 5
The amount of Pay in each band.

Tax Rate
The rate of tax against each band.

Basic Rate Band
The Band that the Basic Rate of tax is attached to.

Scotland
Scotland can now set both the Tax Bands and Tax Rates. The tax Band1 & 2 are different form the rest of the UK for 17_18.
A letter S should be included before the tax codes for employees resident in Scotland. HMRC will advise you of this.

'K' code Limit
Ensures the employee does not pay all his pay in taxes when on a 'K' code, it restricts the amount of tax due to the % of the taxable income.

Max tax deduction
Maximum % that can be taken off from the pay for tax.

Tax Threshold
Amount that is normally earned before tax needs to be deducted.

Emergency Tax Code
The tax code that is to used as the emergency code.
1150L from 6/4/2017. on a Week/Month one basis. nb do not enter a 'S' even if the employee is Scottish unless advised to do so by HMRC.

Start Date
This is 06/04/XX where XX is the start year.

governmenttax 17/12/11

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