Tax Rates and Allowances 2022/23

Tax Rates and Allowances 2022/23

Minimum Wage

Introduction ⭢

Capital Allowances - Plant & Machinery ⭢

Capital Gains ⭢

Car Benefits ⭢

Car Fuel Benefit ⭢

Child Benefit ⭢

Corporation Tax Rates ⭢

Employee's Statutory Payments ⭢

Income Tax Allowances ⭢

Income Tax Rates - Across the UK ⭢

Income Tax Rates - Scotland ⭢

Income Tax Rates - Wales ⭢

Individual Savings Account (ISA) ⭢

Inheritance Tax (IHT) ⭢

Land and Buildings Transaction Tax ⭢

Land Transaction Tax ⭢

Mileage Allowance Payments (MAPs) for Employees ⭢

Minimum Wage ⭢

National Insurance Contributions (NIC) - Rates and Allowances ⭢

Pensions Automatic Enrolment ⭢

Pensions - Tax Relief on Pension Contributions ⭢

Property Allowance ⭢

Self Assessment - Key Dates ⭢

Stamp Duty ⭢

Stamp Duty Land Tax (SDLT) ⭢

State Pensions ⭢

Tax Reliefs for Individuals ⭢

Trade Allowance ⭢

Van Benefit ⭢

VAT ⭢

VAT Fuel Scale Charges ⭢

Vehicle Excise Duty (VED) - Passenger Cars ⭢

National Minimum Wage rates apply to employees up to the age of 24.
National Living Wage (NLW) rates apply to employees 25 and over.
The Apprentice rate applies to apprentices under 19, or 19 and over in the first year of apprenticeship.
Penalties apply to employers who fail to pay minimum wages.

Age	NLW	21-24	18-20	16-17	Apprentice
From 1 April 2022	£9.50	£9.19	£6.83	£4.81	£4.81