Personal Tax Allowance
Personal Tax Allowance change from £12,500 to £12,570; basic rate 20% bandwidth £1 to £37,700.
New employees on RTI submission before 2nd March 2021 are eligible for furlough from 1st May 2021.
From 1st July 2021 you will need to pay 10% (or 1 eighth) of the 80% furlough amount. From 1st August 2021 you will need to pay 20% (or 1 quarter) of the 80% furlough amount.
NEW Taxpayer Protection Taskforce
1,250 HMRC Operatives will investigating furlough claims.
Plan 4 - Scottish Student Loan Rate
The weekly rate will be £96.35, or an unrounded dayrate of £13.7642.
£151.97 per week or 90% of average weekly earnings (whichever is lower); no change to empolyer recovery anticipated.