Income Tax

Hidden freezes trapping higher rate taxpayers

Thresholds affecting higher rate taxpayers have fallen significantly behind wage inflation and are costing people thousands of pounds, according to new stats.
Tax bills jump £8.9bn year on year

Latest HMRC figures out today reveal that the total government tax 'take' jumped £8.9bn year on year in the latest five month period.
Five year tax freeze among Queen's speech announcements
Financial Planners alerted to Scottish tax changes
Scottish Budget tax changes will drive need for Financial Planning
Income tax hikes to hit Scottish higher earners
Scottish HNW individuals warned over tax ‘triple whammy’
Record 93% file tax returns by deadline
460,000 seek income tax refunds in one year
Budget 2020: NI threshold up but income tax rates frozen
Spring Statement: Sunak to cut income tax and raise NI threshold
73% of HNW clients paying ‘right’ amount of tax
Chancellor U-turns on 45p tax rate abolition
What’s left from the mini-budget? More than you think
Autumn Statement: Chancellor drags more into 45p-rate tax
High earners in Scotland to pay more tax
Scottish Budget hits higher earners with new 45% tax band
1 in 5 under-40s face paying higher rate tax by 2027

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