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TAXguide 01/23: Payroll rates, allowances and thresholds in 2023/24

Technical release

Published: 05 Apr 2023 Update History

PAYE rates, thresholds, allowances, etc for employers in 2023/24 covering income tax, NIC, reliefs and levies, statutory payments, pensions, student loans, NMW/NLW rates and car/van/fuel BIK.

Areas covered

Of particular interest to employers, this guidance for tax year 2023/24 comprises income tax personal allowances and rates, NIC thresholds and rates, employment allowance, apprenticeship levy, statutory sick pay and statutory child-related payments, pensions allowances and auto-enrolment pay reference period thresholds, student loan thresholds and recovery rates, national minimum and living wage rates, and car, van and fuel benefits.

TAXguide 01/23

PDF (370kb)

Tax Faculty members and ICAEW members can download this TAXguide in full.

Tax Faculty

This guidance is created by the Tax Faculty, recognised internationally as a leading authority and source of expertise on taxation. The Faculty is the voice of tax for ICAEW, responsible for all submissions to the tax authorities. Join the Faculty for expert guidance and support enabling you to provide the best advice on tax to your clients or business.

Changelog Anchor
  • Update History
    08 Dec 2023 (01: 00 PM GMT)
    The tables have been updated to reflect the reduction in the class 1 primary NIC rates from 6 January 2024, announced at Autumn Statement 2023.
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