tax rates
2013/14 Essential Payroll Information
The Universal Tax Allowance System As announced at Budget 2012, the Age-Related allowances have been frozen for people born on or after 06 April 1948, i.e. turning 65 from the start of the 2013/14 tax year. Previously, these taxpayers could have expected to receive the first of the Age-Related allowances; however, these will no longer [...]
Tax Rates and Bands 2013/14
As we reported last week after the Budget, it was little surprise that an announcement was made about the ‘temporary’ Additional rate. From April 2013, The Additional rate will reduce from 50p in the pound to 45p. Mr Osborne claimed that ‘no chancellor can justify a tax rate that damages our economy and raises next [...]
Questions From our Forum 17/03/11
Each week we receive a number of payroll questions on our forum, and here are this week’s batch. Can you help with any answers? Holiday underpayment The question I was asked and am asking you is “am I liable to pay them the extra that they were entitled to from 1st April 2009?” More… Further [...]
Scottish income tax and its impact on pension schemes
The Scotland Bill makes provision for the introduction of different rates of income tax from those applicable in the rest of the UK. The Bill defines the way in which the Scottish government will be able to set different rates of tax and also defines a “Scottish taxpayer”. The latest issue of the Pension Schemes [...]

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