SDB Accountancy Services providing financial services to Start ups, Sole Traders, Partnerships and Limited Companies.
SDB Accountancy Services providing financial services throughout the North East of England.
Servicing Business within \nthe North East for 10 years
Get in touch  0191 2766792
info@sdbaccountants.co.uk

Payroll changes from the 6th April 2013

Friday, 1 March 2013
The following rate changes for income tax and NIC are to be affective from 6th April 2013.

Payroll changes from the 6th April 2013. 

The following rate changes for income tax and nic are to be affective from 6th April 2013.

Income tax.

  • The new Tax Code is 944L.
  • Tax threshold weekly   £182.00
  • Tax threshold monthly £787.00
  • Basic rate 20%  from £0 to £32,010
  • Higher rate 40% from £32,011 to £150,000
  • Additional  rate 50% over £150,000. 

NIC Thresholds.

  • Employees Weekly £148 Monthly £641
  • Employers Weekly £149 Monthly £646

Percentage of NIC. 

  • Employees 12% up to £797 weekly, £798 and above additional 2%.
  • Employees 12% up to £3454 monthly, £3455 and above additional 2%.
  • Employers 13.8% on all earnings over the thresholds weekly £149 and monthly £646.

Statutory Payments.

  • Employees will be entitled to statutory payments if their average weekly earnings are over £109.
  • New SSP rate £86.70 per week.
  • New SMP/SSP rate £136.78 ( first 6 weeks is still 90% of average weekly wage.)

Student Loans.

  • Student loan deduction rate is still 9% but the Thresholds have changed to:
  • £16,365.00 per annum.
  • £1363.75 per month.
  • £314.71 per week.

National Minimum Wage.

National Minimum Wage rates remain the same until 1st October 2013 as a reminder the rates are:-

  • 21 years old and over £6.19
  • 18 to 20 years old £4.98
  • 16 to 17 years old £3.68
  • Apprentices under 19 years old £2.65
  • Aprentices over 19 years old but in 1st year £2.65
SDB Accountancy Services • Tel: 0191 2766 792  • Mob: 07596854430 • Email:
SDB Accountancy Services is a member of The 2020 Membership Group which is the leading membership organisation for helping progressive accountants and tax professionals throughout Europe, North America, Africa and Australasia.
SDB Accountancy Services is a member of The Institute of Financial Accountants
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