The total income tax paid by high earners making £150,000 or more has increased by 77 per cent in the last decade, reaching £60.9bn in the 2019-20 tax year, up from £34.5bn in 2010-11, according to data that was shared with City A.M.

Over the same period the total tax take from basic rate taxpayers has fallen 5 per cent, from £68.6bn to £64.9bn, as HMRC becomes increasingly reliant on those paying the additional rate of income tax.

In fact, 32 per cent of all income tax HMRC receives is now paid by those earning £150,000 per year or more, compared to just 23 per cent ten years ago, lawyers at accountancy group UHY Hacker Young told this newspaper.

Click here to read the full article 



020 7071 3945


Throughout our site you will find links to external websites. Although we make every effort to ensure these links are accurate, up to date and relevant, we cannot take responsibility for pages maintained by external providers.