Magee Gammon Blog Tax 2013/14 Tax Codes

2013/14 Tax Codes

 

With the new tax year just around the corner we thought a quick overview of the new rates for 2013-14 would useful.

Basic Personal Allowance will be £9,440 and the basic rate limit will be £32,010.

Income Tax rates and bandwiths  are:

Rate                     %         Bandwith

Basic Rate          20%       £1 to £32,010

Higher Rate        40%        £32,011 to £150,000

Additional Rate   45%        £150,001 and above 

The new threshold for PAYE is £182  per week (£787 per month)

New emergency code = 944L

Full details of what you need to do before 6 April 2013 can found in HMRC’s guide

 

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