Income 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 2012:
Income Tax rates and bandwidths
|Basic Rate||20||£1 to £34,370|
|Higher Rate||40||£34,371 to £150,000|
|Additional rate||50||£150,001 and above|
The new threshold (starting point) for PAYE is £156 per week (£675 per month).
The new emergency code is 810L.
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