Tax Rates 2023/24

Introduction
Income Tax
Pensions
Annual investment limits
National Insurance Contributions
Vehicle Benefits
Tax-free mileage allowances
Capital Gains Tax
Corporation Tax
Main capital allowances
Property Taxes
Value Added Tax
Inheritance Tax
Key dates and deadlines
Useful rates
National minimum wage

Rate per hour	From 1.04.23	From 1.04.22
Aged 23 and over (National Living Wage)	£10.42	£9.50
Aged 21 – 22	10.18	9.18
Aged 18 – 20	7.49	6.83
Aged 16 – 17	5.28	4.81
Apprentices	5.28	4.81

You are advised to consult us before acting on any information contained herein.

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