HMRC publishes rates and thresholds for tax year 2021-22

HMRC has published the rates and thresholds to be used when operating payrolls and providing expenses and benefits to employees, for tax year 2021-22.

This includes:

• PAYE tax and Class 1 National Insurance contributions

• Tax thresholds, rates, and codes

• Class 1 National Insurance thresholds

• Class 1 National Insurance rates

• Class 1A National Insurance: expenses and benefits

• Class 1A National Insurance: termination awards and sporting testimonial payments

• Class 1B National Insurance: PAYE Settlement Agreements (PSAs)

• National Minimum Wage

• Statutory Maternity, Paternity, Adoption, Shared Parental and Parental Bereavement Pay

• Statutory Sick Pay (SSP)

• Student loan and postgraduate loan recovery

• Company cars: advisory fuel rates

• Employee vehicles: mileage allowance payments