HMRC have now confirmed the new rates for 2022-23, although the following rates are subject to parliamentary approval.
Income Tax Rate – Wales
| Basic rate | 20% | £1-£37,700 |
| Higher rate | 40% | £37,701-£150,000 |
| Additional rate | 45% | Over £150,000 |
Income Tax Rates – Scotland
| Starter rate | 19% | £1-£2,162 |
| Basic rate | 20% | £2,163-£13,118 |
| Intermediate rate | 21% | £13,119-£31,092 |
| Higher rate | 41% | £31,093-£150,000 |
| Top rate | 46% | Over £150,000 |
The Welsh rates will remain at parity with England whilst the Scottish rates have been increased. Once parliament have approved these rates they will become effective for 2022-2023 tax year.