What is the tax allowance for 2022 2023?
£12,570 per year England and Northern Ireland
|PAYE tax rates and thresholds|
|Employee personal allowance||£242 per week £1,048 per month £12,570 per year|
|English and Northern Irish basic tax rate||20% on annual earnings above the PAYE tax threshold and up to £37,700|
What is the federal withholding tax rate?
The federal withholding tax has seven rates for 2021: 10%, 12%, 22%, 24%, 32%, 35%, and 37%. The federal withholding tax rate an employee owes depends on their income level and filing status.