Tax Information Profit-Related Pay
Please select an option:
- Income Tax
- Corporation Tax
- Value Added Tax
- Vehicle Benefits
- NI Contributions
- Pension premiums
- Charitable giving
- Some useful rates
- Government tax spending
- Capital gains Tax
- Main capital Allowances
- Inheritance Tax
- Mileage Allowances
- Key dates and deadlines
- Profit related pay
- Savings and investments
- Stamp Duties
Maximum tax-free pay
| for profit periods beginning in | maximum |
|---|---|
| 1998 | £2,000 |
| 1999 | £1,000 |
| 2000 | nil |
Although many profit-related pay schemes continue beyond 31 December 2000, all payments under such schemes for profit periods beginning in 2000 and later years have been fully taxable.