Tax
Higher-rate taxpayers to hit record number in 2022-23
In addition, the firm reports that the number paying the additional rate, charged on portions of incomes over £150,000, rose from 421,000 to 629,000 between the 2019/20 and 2022/23 tax years
Accountancy firm Bates Weston has reported that the number of higher-rate taxpayers is set to increase in 2022-23, with a record 6.1 million individuals expected to pay the higher (40%) or additional (45%) rates of income tax.
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