January 25, 2010Tax and national insurance rates and thresholds
Tax allowances and thresholds will remain the same for 2010-11. Click here to access full information on rates and allowances for 2010-11.
| Tax thresholds | 2009-10 | 2010-11 |
| Basic rate: 20% | £0 - £37,400 | £0 - £37,400 |
| Higher rate: 40% | Over £37,400 | Over £37,400 |
| Additional rate: 50% | N/A | Over £150,000 |
If you’re an employer, employee or self employed, bear in mind that the following National Insurance rates will apply from April 2010:
| Increase by | April 2010 rate per week | |
| LEL (linked to state pension) |
£2 | £97 |
| Class 2 rate for volunteer development workers | 10p | £4.85 |
All other National Insurance Contributions (NICs) rates and thresholds are unchanged for 2010-11. Click here for further information on NICs rates and thresholds.
Statutory payment rates
The table below offers a rundown of the figures for this year.
| Statutory | 2009-10 | 2010-11 |
| Maternity | £123.06 | £124.88 |
| Adoption | £123.06 | £124.88 |
| Paternity | £123.06 | £124.88 |
| Sick pay | £79.15 | £79.15 |
Cars and vans: Changes to fuel tax
Those affected will be employees who receive free private fuel from their employers for company cars or vans and employers who bear Class 1A NICs on the taxable benefit of provided fuel.
The measure sets the fuel benefit charge for company cars and vans from 2010-11 with company car fuel benefit charges increasing to £18,000 and company van fuel benefit charge increasing to £550. Click here for further information.
Penalties for submission of in year forms to HMRC
Penalties for paper submissions kick in, in the final quarter of the tax year commencing January 2010 (this currently applies to PAYE schemes 50 employees or over).
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