Rates for tax year 2008/2009
Current tax thresholds
You must register and pay tax and NI on behalf of your employee if you pay them £105 or more per week. You must also register if your employee has another job, even if you pay them below the threshold. If you pay £90 or above and your employee does not have another job you should still register as an employer although no tax and NI will be due. This will enable your employee to receive state pension and other benefits.
Tax and NI payments
If your monthly tax and NI bill is below £1,500 you only have to pay tax and NI to HMRC on a quarterly basis.
Payment dates
19th July
19th October
19th January
19th April
Statutory Sick Pay (SSP)
The current rate is £75.40 per week.
Statutory Maternity Pay (SMP)
The first six weeks of SMP are at 90% of average gross weekly earnings. The remaining weeks of the maternity pay period (up to a maximum of 33 weeks) are paid at the lower rate of £117.18 gross per week, or 90% if lower.
Redundancy pay entitlement
Aged between 18 and 21: half a week’s pay, or £165, whichever is lower
Aged between 22 and 40: one week’s pay, or £330, whichever is lower,
Between 41 and retirement: one and a half week’s pay, or £495, whichever is lower
National Minimum Wage (NMW)
£3.40 per hour gross for employees aged between 16 and 17
£4.60 per hour gross for employees aged between 18 and 21
£5.52 per hour gross for employees aged 22 years and over
Offset allowance per 7-day week: £30.10
The rates will be updated as and when they become available.