HMRC have published their guidance Rates and thresholds for employers 2023 to 2024.
The guidance covers:
- PAYE tax and Class 1 National Insurance contributions;
- Tax thresholds, rates and codes;
- Class 1 National Insurance thresholds;
- Class 1 National Insurance rates;
- Class 1A National Insurance: expenses and benefits;
- Class 1A National Insurance: termination awards and sporting testimonial payments;
- Class 1B National Insurance: PAYE Settlement Agreements (PSAs);
- National Minimum Wage;
- Statutory Maternity, Paternity, Adoption, Shared Parental and Parental Bereavement Pay;
- Statutory Sick Pay (SSP);
- Student loan and postgraduate loan recovery;
- Company cars: advisory fuel rates;
- Employee vehicles: mileage allowance payments;
- Employment Allowance; and
- Apprenticeship Levy
https://www.gov.uk/guidance/rates-and-thresholds-for-employers-2023-to-2024
Related content from Claritax Books
The complex rules for National Insurance contributions are covered in depth in National Insurance Contributions.
