HMRC has published its rates and thresholds document for the tax year 2022/23, setting out key rates and allowances for employers operating payroll and paying expenses and benefits to their employees. The new rates cover income tax rates (including the different rates and bands for Scottish taxpayers), the personal allowance and tax codes, NICs thresholds and rates (incorporating the 1.25 percentage point health and social care increase for 2022/23), company car advisory fuel rates from 1 December 2021, employee mileage allowance rates for business travel in private vehicles, employment allowance and apprenticeship levy.
HMRC has published its rates and thresholds document for the tax year 2022/23, setting out key rates and allowances for employers operating payroll and paying expenses and benefits to their employees. The new rates cover income tax rates (including the different rates and bands for Scottish taxpayers), the personal allowance and tax codes, NICs thresholds and rates (incorporating the 1.25 percentage point health and social care increase for 2022/23), company car advisory fuel rates from 1 December 2021, employee mileage allowance rates for business travel in private vehicles, employment allowance and apprenticeship levy.
