It is that all important time of year for you to get ready for the statutory changes from 6 April 2025.
The changes that have been implemented are summarized below. For further information, click on the expandable sections for the relevant subject matter.
Please ensure that you follow the Tax Year End Procedurebefore you start processing your final period of the current tax year.
Update
Short Description
Update
Short Description
Statutory Parameters for 2025/2026 tax year
The statutory parameters for tax year 2025 to 2026.
P60 version for 2024/2025 tax year
P60 layout has not changed from 2023 to 2024 tax year.
Scottish EA rates and thresholds
Scottish EA rates and thresholds have changed.
Workplace postcode
A workplace postcode must be submitted to HMRC on an FPS if payees work in a freeport or investment zone area.
Statutory Neonatal Care Pay/Leave
An additional statutory payment has been added to allow parents extra time and money if a child receives neonatal care.
Statutory Parameters for 2025/2026 Tax Year
The breakdown of all UK statutory parameters for each tax year can be found here.
Tax Bands/Tax Rates
The tax rates and bands for England/Northern Ireland, Wales have not changed from the previous tax year.
The tax rates and bands have changed for Scotland.
The percentage deduction rates have not changed. Plan Type 1, 2 and 4 threshold values have changed.
Loan Type
2024/2025
2025/2026
% Rate
Loan Type
2024/2025
2025/2026
% Rate
Student Loan Plan Type 1
24990
26065
9
Student Loan Plan Type 2
27295
28470
9
Student Loan Plan Type 4
31395
32745
9
Postgraduate Loan
21000
21000
6
Statutory Payments
Statutory Payments have changed.
Statutory Payment
2024/2025
2025/2026
Statutory Payment
2024/2025
2025/2026
Statutory Maternity Pay (SMP)
184.03
187.18
Statutory Adoption Pay (SAP)
184.03
187.18
Statutory Paternity Pay (SPP)
184.03
187.18
Shared Parental Pay (ShPP)
184.03
187.18
Statutory Parental Bereavement Pay (SPBP)
184.03
187.18
Statutory Neonatal Pay (SNCP)
187.18
Statutory Sick Pay
116.75
118.75
When you download the new tax year and import the statutory parameters, FastTrack360 will automatically up-rate existing statutory values against payees who have SMP/SAP/SPP/ShPP payments determined for the new tax year. This is currently not available for Statutory Parental Bereavement Pay as these values are applied directly in the pay batch.
For SSP, during the pay batch process, the FastTrack360 will determine the change in the daily SSP rate when a sick period spans the 2 tax years.
Apprenticeship Levy
Apprenticeship Levy of 0.5% and annual allowance of £15000 has not changed.
Employment Allowance
Employment Allowance has increased to £10500.
Statutory Payment Recovery and Compensation
Statutory Payment Recovery remains as 92%.
For small employers, the Statutory Payment Recovery remains as 100% but the small employer compensation increases to 8.50%
Pension Thresholds
No change to the pension thresholds.
AEO Rates
Scottish Earnings Arrestment bandings has been uplifted. Please click here to view the band values.