Legislation
Income Tax information for 2022-23
Date
Effective 6 April 2022
Summary
Income Tax information changes for 2022-23 which explains Allowances, Rates and Thresholds from 6 April 2022.
| 2022-2023 | |||
|---|---|---|---|
| Personal Allowance | £12,570.00 | per annum | |
| PAYE Thresholds | £242.00 | per week | |
| £1,048.00 | per month | | |
| Standard / Emergency tax code | 1257L | | |
| Tax Code uplifts | L / M / N | N/A due to no change in the Personal Allowance | |
| Income Tax Rates – England & Northern Ireland | 1 – 37,700 | 20% | Basic rate |
| 37,701 – 150,000 | 40% | Higher rate | |
| 150,001 > | 45% | Additional rate | |
| Income Tax Rates – Scotland | 1 – 2,162 | 19% | Starter rate |
| 2,163 – 13,118 | 20% | Basic rate | |
| 13,119 – 31,092 | 21% | Intermediate rate | |
| 31,093 – 150,000 | 41% | Higher rate | |
| 150,001 > | 46% | Top rate | |
| Income Tax Rates – Wales | 1 – 37,700 | 20% | Basic rate |
| 37,701 – 150,000 | 40% | Higher rate | |
| 150,001 > | 45% | Additional rate | |
| Higher rate threshold – England and Northern Ireland | £50,270.00 | | |
| | |||
| Higher rate threshold - Scotland | £43,662.00 | | |
| Higher rate threshold – Wales | £50,270.00 | |
Tax fact card 2023 – 2024
Download your FREE tax fact card to find out the latest changes to payroll tax & legislation from April 2023. This PDF card includes all the key payroll rates and dates that…