Call us: 01489 601386 | info@haleaccountants.co.uk
P46's for 2011-12
Friday, 8 of April 2011
Using the new P46's form for tax year 2011-12 you will need to know what tax code to place employees on:
BOX A Ticked - 747L - Standard Personal Allowance for this year is £7,475.
Box B Ticked - 747L week 1 month 1 - Standard Personal Allowance as above. Week 1 month 1 basis is non-cumulative, which means you don't add the pay and tax to the previous weeks, or months figures of pay and tax.
Box C - OT - An 'OT' tax code indicates that you have no personal allowances and all income is subject to basic and higher rates of tax.
Back to news
Accountancy News
Using the new P46's form for tax year 2011-12 you will need to know what tax code to place employees on: BOX A Ticked - 747L - Standard Personal Allowance for this year is £7,475. Box B Ticke...
Approved mileage allowance payments The following rates are used to calculate the maximum amount that can be exempted from tax and NICs for business miles travelled in the employee’s own vehicle. ...
PAYE Thresholds for 2011-12 The PAYE thresholds (the level of earnings at which tax becomes payable) are: £144.00 weekly, £623.00 monthly. Tax Rates for 2011-12 Basic Rate 20% from £1 to £...