Annually Uprated Costs

Each year certain costs that relate to the employment of Personal Assistants (PAs) can change. HMRC will provide updated guidance on any costs that change. This might look very complicated but a PA Employer can use a Payroll Company to keep on top of these changes and make the necessary changes each year, or whenever a change happens during the year.

These costs could cover such areas as:

• Pay As You Earn (PAYE) Tax and National Insurance (NI) 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

Next steps

Take a look at the resource available below from the HMRC to guide you in more detail.