Payroll 2023-24 Key Highlights

Employee Tax codes for 2023-24 HMRC have announced that there will be NO uplifts of tax codes for tax year 2023-24. The ‘standard/emergency’ tax code for 2023-24 remains at 1257L. (S1257L in Scotland, C1257L in Wales). Income tax rates and thresholds for 2023-24 The table below shows the income tax rates and thresholds in use for England, Wales and Northern Ireland. The threshold […]

P60

P60 is an end-of-year payroll process that spans over the fiscal year (6 April – 5 April) this document contains the total payroll figures for the year. All employers are responsible for providing a P60 by 31st May following the tax year. This is for employees employed on 5 April. Why is a P60 Required? P60 is required for multiple […]