Jan 102022
 

2022-23

Personal Allowance:

£12,570


PAYE Thresholds
:

Weekly: £242
Monthly: £1,048


Standard / Emergency tax code:

1257L


Tax Code uplifts:

  • L:  N/A due to no change in the Personal Allowance
  • M:  N/A due to no change in the Personal Allowance
  • N: N/A due to no change in the Personal Allowance

Income Tax Rates – England & Northern Ireland

Basic rate 20% 1 – 37,700

Higher rate 40% 37,701 – 150,000

Additional rate 45% 150,001 >

Income Tax Rates – Scotland
Starter rate                         19%        1 – 2,162
Basic rate                            20%        2,163 – 13,118
Intermediate rate            21%        13,119 – 31,092
Higher rate                         41%        31,093 – 150,000
Top rate                               46%        150,001 >
Income Tax rates and thresholds are subject to parliamentary approval.

Income Tax Rates – Wales

Basic rate 20% 1 – 37,700

Higher rate 40% 37,701 – 150,000

Additional rate 45% 150,001 >
Income Tax rates and thresholds are subject to parliamentary approval.


Higher rate threshold – England and Northern Ireland:

£50,270

Higher rate threshold – Scotland:

£43,662
Subject to parliamentary approval

Higher rate threshold – Wales:

£50,270

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