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.
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Income Tax Rates – Scotland |
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Starter rate |
19% |
1 – 2,162 |
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Basic rate |
20% |
2,163 – 13,118 |
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Intermediate rate |
21% |
13,119 – 31,092 |
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Higher rate |
41% |
31,093 – 150,000 |
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Top rate |
46% |
Over 150,000 |
Higher rate threshold - Scotland:
£43,662
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Income Tax Rates – Wales |
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Basic rate |
20% |
1 – 37,700 |
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Higher rate |
40% |
37,701 – 150,000 |
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Additional rate |
45% |
Over 150,000 |
Scottish rates have been increased, whereas the Welsh rates will remain at parity with England. Once approved by parliament these new rates will come into effect for the 2022-23 tax year.
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