Tax year 2023/2024 resources

This page will regularly be updated as changes are announced for 2023.

Resources for 2023

The 2023/2024 resource can be found at:

Guernsey (1st January 2023)

Class 1 Contributions

The changes from 1st January 2023 to Class 1 contributions were approved on 21st October 2022.

The 2023 increased contribution values are part of a 10 year programme of change:

Guernsey Secondary Pension

The introduction of the Guernsey Secondary Pension has been delayed until October 2023 and may delay further.

Jersey (1st January 2023)

The following have been confirmed as applying from 1st January 2023:

The earnings limits have now been confirmed:

The Minimum Earnings Threshold have been confirmed:

Jersey Minimum Wage (1st November 2022)

The annual uplift of the Jersey Minimum Wage for 1st January 2022 has been replaced by an earlier uplift applicable from 1st November 2022

United Kingdom (6th April 2023)

The changes for April 2023 are starting to be notified with the 22nd and 23rd September Growth Plan 2022 announcements.

Then on the 17th October 2022, many of the original proposals were reversed. And on the 17th November 2022 the autumn Statement 2022 announced and confirmed further changes.

HMRC guidance to operate from 6th April 2023

Many of the tax year 2023/2024 guides are awaited.

Real Time Information (RTI)

The 2023/2024 technical guides to RTI can be found at:

And the PAYadvice.UK blog:

Income Tax Personal Allowance

It has been confirmed that there is no change to personal allowance in April 2023 and also that it is expected frozen until April 2028:

If ththere will be no uplift of tax codes for April 2023. General tax code uplifts are instructed by authority of form P9X

Rest of the UK Income Tax (England and Northern Ireland)

The 24th September Growth Plan 2022 announced changes to tax rates. The tax bands have previously been indicated as being unchanged until April 2026 but subject to change. On 17th October 2022, the governed reversed the proposal retaining the basic rate at 20% for the foreseeable future. On 17th November 2022 the starting point for the additional rate was confirmed as being reduced.

The following apply from 6th April 2023.

Scotland and Income Tax

The Scottish Parliament announced changes to the Scottish earnings thresholds and rates on 15th December 2022.

Wales and Income Tax

The Welsh Assembly have announced 12th December 2022 the Welsh tax proposals, to continuing to match the Income Tax Rates for the rest of the United Kingdom (England and Northern Ireland).

The following is proposed:

Expenses and Benefits

Employers who want to introduce formal payrolling for the 2023/2024 tax year must plans and register in advance and at the latest 5th April 2023.

Employer provided Childcare Vouchers – Basic Earnings Assessment

The PAYadvice BEA tool incorporating the reduction of the additional rate of income tax is now available:

National Insurance

Class 1 earnings bands

Class 1 Contribution Rates

The National Insurance contribution rates applicable from 6th April 2023 are yet to be confirmed.

Class 1A and Class 1B contribution rates

Employment Allowance

There is no change to the employment allowance for April 2023:

Investment Zones

Similar to Veterans and Freeports, a new investment zone employer NIC relief is proposed requiring change in payroll solutions.

Health and Social Care Levy

The government introduced a new Health and Social Care Levy from 6th April 2022 within the operation of National Insurance. Originally is was proposed that from 6th April 2023 a new separate levy deduction would be introduced, however, with the appointment of a new prime-minister, the government confirmed at the Growth Plan 2022 on 22nd/23rd September 2022 that the plan is now cancelled.

Student Loan deductions

The student plan threshold applicable from 6th April 2023 have been confirmed. The plan 4 and postgraduate thresh

Statutory Payments

The statutory payments for April 2023 have been announced being subject to the CPI increase of 10.1%.

Statutory Parental Payments:

  • Statutory Maternity Pay (SMP)
  • Statutory Adoption Pay (SAP)
  • Shared Parental Pay (ShPP)
  • Statutory Paternity Pay (SPP)
  • Statutory Parental Bereavement Pay (SPBP)

The Small Employers Compensation Rate remains at 3% (on payments made on or after 6th April 2011). The Small Employers Relief (SER) Threshold is £45,000.

Statutory Sick Pay (changes on 6th April 2023)

The same weekly SSP rate applies to all employees. However, the amount you must actually pay an employee for each day they’re off work due to illness (the daily rate) depends on the number of ‘qualifying days’ they work each week. The weekly rate to be operated from 6th April 2023 has been confirmed as being uplifted by the CPI 10.1%.

The daily tables have also been confirmed:

Pension AE thresholds

The Minister for Pension announced 26th January 2023 that the earnings thresholds operational from April 2023 are frozen. Their is a future intention to reduce the Lower Earningsto zero at some point in time.

National Minimum Wage / National Living Wage

The UK government announced changes as part of the Autumn Statement 2022 confirming the approval of the Low Pay Commission recommendation for the uplifting of minimum pay rates within the United Kingdom – when they do the new minimum rates apply for pay periods commencing on or after 1st April 2023.

Real Living Wage and London Living Wage

The uprated Living Wage rates were announced on Thursday 22nd September 2022 with a requirement for Living Wage accredited employers implementing the new rates at the latest by 14th May 2023.

Scottish Earnings Arrestment (EA)

The Scottish Parliament are proposing an additional review on the Scottish Earnings Arrestment tables.

Isle of Man (6th April 2023)

The Isle Man Budget 2023 is yet to take place:

PAYadvice.UK Legislation Update 2023

The latest live version following budget and associated announcements of the PAYadvice.UK Legislation Update 2023 will be made available to be downloaded (further update versions will be applied as further announcements are made):

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PAYadvice.UK 14/8/2022 Last updated 26/1/2023