It is that all important time of year for you to get ready for the statutory changes from 6 April 2022.
The changes that have been implemented are summarized below. Click on the links provided to take you to the detailed description of the change.
Update | Short Description |
|---|---|
Statutory Parameters for 2022/2023 tax year | The statutory parameters for tax year 2022 to 2023. |
P60 version for 2021/2022 tax year | P60 layout has not changed from 2020 to 2021 tax year. |
NI Category for Veterans | The new features that are available for the new NI category for Veterans. |
NI Categories for Freeports | The new features that are available for the new NI categories for Freeports. |
Health and Social Care Levy | An alert notice to payees of the National Insurance contribution increase. |
Statutory Parameters for 2022/2023 Tax Year
The breakdown of all UK statutory parameters for each tax year can be found here.
Tax Bands/Tax Rates
The tax rates for England/Northern Ireland, Wales and Scotland have not changed from the previous tax year
The tax bands for England/Northern Ireland and Wales have not changed from the previous tax year.
The tax bands for Scotland have changed. Please refer to the Statutory Parameters for Each Tax Year page for details.
National Insurance Thresholds/Rates
The National Insurance Thresholds have changed. Please refer to Statutory Parameters for Each Tax Year page for details.
To fund the NHS and social care across the UK, the National Insurance contributions have been increased by 1.25% for both employee and employer contributions. The table below demonstrates the percentage values that will be charged for the thresholds of pay (using a weekly frequency) for the different National Insurance Categories.
Category | Weekly Earnings £ | Percentage |
|---|---|---|
Employee | ||
A,M/H/F/V | 190 - 967 Above 967 | 13.25 3.25 |
B/I | 190 - 967 823 - 4189 | 7.1 |
C/S | All earnings | 0 |
J/L/Z | 190 and above | 3.25 |
Employer | ||
A/B/C/J | 175 and above | 15.05 |
M/Z/H/V | Above 967 | 15.05 |
F/I/S/L | 489 and above | 15.05 |
This table gives an example of what the increase will mean in monetary terms comparing to 2021/2022 tax year.