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Intuit

Advanced Payroll Year End Hub

We are approaching the start of the new tax year (6th April 2021). Each tax year comes with changes made by the UK and devolved governments. These governments have now announced changes, but we are keeping on top of these as they are subject to confirmation at the budget or parliamentary approval for Scotland and Wales. This article will walk you through what these changes are and the updates we will be making to our product to support these.

QuickBooks Payroll will be updated soon to reflect tax changes for the tax year 2021/22.

NOTE: Advanced payroll customers can, but should not access the new payroll year, 2021/22, until the tax tables are updated.

England and Northern Ireland

PAYE tax rates and thresholds 2021 to 2022
Employee personal allowance £242 per week
£1,048 per month
£12,570 per year
English and Northern Irish basic tax rate 20% on annual earnings above the PAYE tax threshold and up to £37,700
English and Northern Irish higher tax rate 40% on annual earnings from £37,701 to £150,000
English and Northern Irish additional tax rate 45% on annual earnings above £150,000

Income Tax rates and thresholds are subject to confirmation at the budget.

 

Scotland

PAYE tax rates and thresholds 2021 to 2022
Employee personal allowance £242 per week
£1,048 per month
£12,570 per year
Scottish starter tax rate 19% on annual earnings above the PAYE tax threshold and up to £2,097
Scottish basic tax rate 20% on annual earnings from £2,098 to £12,726
Scottish intermediate tax rate 21% on annual earnings from £12,727 to £31,092
Scottish higher tax rate 41% on annual earnings from £31,093 to £150,000
Scottish top tax rate 46% on annual earnings above £150,000

Income Tax rates and thresholds are subject to parliamentary approval.

 

Wales

PAYE tax rates and thresholds 2021 to 2022
Employee personal allowance £242 per week
£1,048 per month
£12,570 per year
Welsh basic tax rate 20% on annual earnings above the PAYE tax threshold and up to £37,700
Welsh higher tax rate 40% on annual earnings from £37,701 to £150,000
Welsh additional tax rate 45% on annual earnings above £150,000

Income Tax rates and thresholds are subject to parliamentary approval.

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