The Chartered Institute of Payroll Professionals
News On Line
TABLE A: DEDUCTIONS FROM WEEKLY EARNINGS Net earnings
Deduction*
Not exceeding £130.73
Nil
Exceeding £130.73 but not exceeding £472.54 Exceeding £472.54 but not exceeding £710.42
£4.00 or 19% of earnings exceeding £130.73, whichever is the greater
£64.94 plus 23% of earnings exceeding £472.54
Exceeding £710.42
£119.66 plus 50% of earnings exceeding £710.42
TABLE B: DEDUCTIONS FROM MONTHLY EARNINGS Net earnings
Deduction*
Not exceeding £566.51
Nil
Exceeding £566.51 but not exceeding £2,047.65 Exceeding £2,047.65 but not exceeding £3,078.47
£15.00 or 19% of earnings exceeding £566.51, whichever is the greater £281.42 plus 23% of earnings exceeding £2,047.65
Exceeding £3,078.47
£518.51 plus 50% of earnings exceeding £3,078.47
TABLE C: DEDUCTIONS FROM DAILY EARNINGS Net earnings
Deduction*
Not exceeding £18.63
Nil
Exceeding £18.63 but not exceeding £67.32 Exceeding £67.32 but not exceeding £101.21
£0.50 or 19% of earnings exceeding £18.63, whichever is the greater
£9.25 plus 23% of earnings exceeding £67.32
Exceeding £101.21
£17.05 plus 50% of earnings exceeding £101.21
*When applying a percentage the calculation should be done to two decimal places of a penny and the result
rounded to the nearest whole penny, with an exact half penny being rounded down.
Back to contents
2022-23 Scottish and Welsh Income Tax Rates confirmed 10 January 2022
Scotland and Wales can set their own rates of income tax as devolved nations, Her Majesty’s Revenue and Customs (HMRC) has confirmed the new rates for 2022-23. The following rate are subject to parliamentary approval.
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%
Over 150,000
Higher rate threshold - Scotland:
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
Page 64 of 220
Made with FlippingBook - Online magazine maker