Welsh Rates of Income Tax laid out for 2023/24

16 December 2022

The Welsh budget has been released in draft form and within are the Welsh Rates of Income Tax (WRIT) for the 2023/24 tax year.

Keeping a commitment to not take more tax in the Welsh rates from people until the economic effects of covid are over, the WRIT will remain at parity with the rates set by the UK government.

WRIT works by the UK rates being reduced by 10p, allowing the Welsh government to decide whether they set rates at 10p, or deviate from the UK rates. Unlike Scotland, the Welsh government has never deviated from the rates set by UK government.

• General payroll
• Income tax
• Payroll news
• Welsh news

Information provided in this news article may be subject to change. Please make note of the date of publication to ensure that you are viewing up to date information.