Payroll Services
The Book Monitor can process your payroll, whether it is paid on a weekly or monthly basis, and calculate your PAYE, National Insurance and any other liabilities, such as pension payments, childcare vouchers, employee loans, etc.
All payroll year end returns, such as the P35, P14's & P60's and P11d's, are dealt with, along with ad-hoc forms such as P45's and P46's.
Frequently Asked Questions:
Q: What is the personal allowance?
A: The personal allowance is the amount of money you are entitled to earn in a tax year before having to pay tax to the government.
Q: Who sets the rate of the personal allowance?
A: The personal allowance amount is set by the government and is reviewed each year.
Q: What is my tax code used for?
A: Your tax code is used by your employer and it tells them what your personal allowance is for the current tax year, and therefore how much tax you need to pay on your salary.
Q: What is this year’s basic tax code?
A: The basic tax code for the 2011/2012 tax year is 747L
Q: How much is the personal allowance for the tax year 2011/2012?
A: If you are under 65 years of age the personal allowance for the current tax year is £7,475. The personal allowance for people who are aged between 65 and 74 is £9,940 and for those people aged 75 or over the personal allowance is £10,090.
Q: How much was the personal allowance for the tax year 2010/2011?
A: The personal allowance for the tax year 2010/2011 was £6,475. The personal allowance for people who were aged between 65 and 74 was £9,490 and for those people aged 75 or over the personal allowance was £9,640. (MB The persanal allowances for 2010/2011 remained the same as for the previous year 2009/2010.)
Q: How much was the personal allowance for the tax year 2009/2010?
A: The personal allowance for the tax year 2009/2010 was £6,475. The personal allowance for people who were aged between 65 and 74 was £9,490 and for those people aged 75 or over the personal allowance was £9,640.
Q: How much was the personal allowance for the tax year 2008/2009?
A: The personal allowance for the tax year 2008/2009 was £6,035. The personal allowance for people who were aged between 65 and 74 was £9,030 and for those people aged 75 or over the personal allowance was £9,180.