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.  The Book Monitor will also deal with the Real Time Information (RTI) requirements, which are now obligatory for any company running PAYE.

 

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 and everything is filed electronically with HMRC.

 

With Auto-enrolment pensions being obligatory The Book Monitor can also process your pension scheme requirements through your payroll and submit the relevant information to your payroll provider.  We aren't able to advise you on which pension scheme to use for your company, but we can put you in touch with a registered, financial advisor for help with this.  

 

 

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Frequently Asked Questions:

 

Q: When does the tax year run from/to?

 

A: The tax year runs from 6 April to 5 April of the following year.

 

 

Q: What is the personal allowance?

 

A: The personal allowance is the amount of money someone is entitled to earn in the tax year before having to pay tax to the government (HMRC).

 

 

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 issed to your employer by HMRC and it tells them what your personal allowance is for the current tax year, enabling them to ensure the correct amount of tax is deducted from your salary.

 

 

Q: How much is the personal allowance for the tax year 2023/2024?

 

A: The personal allowance for 2023/2024 is again remaing at £12,570. 

 

 

Q: How much is the personal allowance for the tax year 2022/2023?

 

A: The personal allowance for 2022/2023 is remaing at £12,570. 

 

 

Q: How much is the personal allowance for the tax year 2021/2022?

 

A: The personal allowance for 2021/2022 is £12,570. 

 

 

Q: How much was the personal allowance for the tax year 2020/2021?

 

A: The personal allowance for 2020/2021 is £12,500. 

 

 

Q: How much was the personal allowance for the tax year 2019/2020?

 

A: The personal allowance for 2019/2020 is £12,500. 

 

 

Q: How much was the personal allowance for the tax year 2018/2019?

 

A: The personal allowance for 2018/2019 was £11,800. 

 

 

Q: How much was the personal allowance for the tax year 2017/2018?

 

A: The personal allowance for 2017/2018 was £11,500

 

 

Q: How much was the personal allowance for the tax year 2016/2017?

 

A: The personal allowance for 2016/2017 was £11,000

 

 

Q: How much was the personal allowance for the tax year 2015/2016?

 

A: If you were under 78 years of age the personal allowance for the tax year 2015/2016 was £10,600.  The personal allowance for people who were aged 78 years or older was £10,660.

 

 

Q: How much was the personal allowance for the tax year 2014/2015?

 

A: If you were under 66 years of age the personal allowance for the tax year 2014/2015 was £10,000.  The personal allowance for people who were aged between 66 years and 75 years was £10,500 and for those people aged 76 years or over the personal allowance was £10,660.

 

 

Q: How much was the personal allowance for the tax year 2013/2014?

 

A: If you were under 65 years of age the personal allowance for the tax year 2013/2014 was £9,440.  The personal allowance for people who were aged between 65 years and 74 years was £10,500 and for those people aged 75 years or over the personal allowance was £10,660.

 

 

Q: How much was the personal allowance for the tax year 2012/2013?

 

A: If you were under 65 years of age the personal allowance for the tax year 2012/2013 was £8,105.  The personal allowance for people who were aged between 65 years and 74 years was £10,500 and for those people aged 75 years or over the personal allowance was £10,660.

 

 

Q: How much was the personal allowance for the tax year 2011/2012?

 

A: If you were under 65 years of age the personal allowance for the tax year 2011/2012 was £7,475.  The personal allowance for people who were aged between 65 years and 74 years was £9,940 and for those people aged 75 years or over the personal allowance was £10,090.

 

 

Q: How much was the personal allowance for the tax year 2010/2011?

 

A: If you were under 65 years of age the personal allowance for the tax year 2010/2011 was £6,475.  The personal allowance for people who were aged between 65 years and 74 years was £9,490 and for those people aged 75 years or over the personal allowance was £9,640.

 

 

Q: How much was the personal allowance for the tax year 2009/2010?

 

A: If you were under 65 years of age the personal allowance for the tax year 2009/2010 was £6,475.  The personal allowance for people who were aged between 65 years and 74 years was £9,490 and for those people aged 75 years or over the personal allowance was £9,640.

 

 

Q: How much was the personal allowance for the tax year 2008/2009?

 

A: If you were under 65 years of age the personal allowance for the tax year 2008/2009 was £6,035.  The personal allowance for people who were aged between 65 years and 74 years was £9,030 and for those people aged 75 years or over the personal allowance was £9,180. 

 

Contact us today!

If you would like more information or wish to make an appointment please contact us:

 

T: 07795 832597

E: info@thebookmonitor.co.uk

 

or use the Contact Us page.

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The Book Monitor Ltd is registered in England & Wales, company registration number 8478229. Licensed and regulated by the Association of Accounting Technicians to provide services in accordance with licence no. 4636. © The Book Monitor Ltd 2023