Tax Codes
At the start of every tax year, up-to-date PAYE calculators and tax tables must be used.
Below are the basic details of these coding that apply from 6 April 2011:
Income Tax rates and bandwidths
Rate |
Per cent |
Bandwidth |
| Basic Rate | 20 | £1 to £35,000 |
| Higher Rate | 40 | £35,001 to £150,000 |
| Additional rate | 50 | £150,001 and above |
The new threshold (starting point) for PAYE is £144 per week (£623 per month).
The new emergency code is 747L.
