Income Tax information for FY 22-23 | Moorepay

Payroll & HR Rates

Income Tax information for 2022-23

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‚Ä謆¬£12,570.00¬†‚Äčper annum‚Ä謆‚Äč
PAYE Thresholds¬†‚Ä謆¬£242.00¬†‚Äčper week‚Ä謆‚Äč
¬†¬£1,048.00¬†‚Äčper month‚Ä謆‚Äč
Standard / Emergency tax code‚Ä謆1257L¬†‚Ä謆‚Äč
Tax Code uplifts‚ÄčL / M / N‚ÄčN/A due to no change in the Personal Allowance¬†‚Äč
Income Tax Rates ‚Äď England & Northern¬†Ireland‚Äč1 ‚Äď 37,700‚Äč20%‚ÄčBasic rate‚Äč
37,701 ‚Äď 150,000‚Äč40%‚ÄčHigher rate‚Äč
150,001 >‚Äč45%‚ÄčAdditional rate¬†‚Äč
Income Tax Rates ‚Äď Scotland‚Ä謆 1 ‚Äď 2,162¬†‚Äč19%‚ÄčStarter rate‚Äč
¬†2,163 ‚Äď 13,118¬†‚Äč20%‚ÄčBasic rate‚Äč
¬† 13,119 ‚Äď 31,092¬†‚Äč21%‚ÄčIntermediate rate‚Äč
¬† 31,093 ‚Äď 150,000¬†‚Äč41%‚ÄčHigher rate‚Äč
¬† 150,001 >¬†‚Äč46%‚ÄčTop rate‚Äč
Income Tax Rates ‚Äď Wales‚Äč1 ‚Äď 37,700‚Äč20%‚ÄčBasic rate‚Äč
37,701 ‚Äď 150,000‚Äč40%‚ÄčHigher rate‚Äč
150,001 >‚Äč45%‚ÄčAdditional rate¬†‚Äč
Higher rate threshold ‚Äď England and¬†Northern Ireland‚Ä謆¬£50,270.00¬†‚Ä謆‚Äč
¬†‚Äč
Higher rate threshold - Scotland‚Ä謆¬£43,662.00¬†‚Ä謆‚Äč
Higher rate threshold ‚Äď Wales‚Ä謆¬£50,270.00¬†‚Ä謆‚Äč
tax fact card

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…