20 Apr 2009
Accountants have found that their clients in middle-class dominated areas are paying high effective rates of income tax.
UHY Hacker Young found that residents of St Albans, Hertfordshire, paid the highest rate of income tax per head in the UK last year. The average resident earned £43,500 and paid £10,500 in income tax in 2008.
The firm claims that the middle class has been most affected by the government's decision not to raise the tax bands in line with wage inflation.
The average UK income has risen 15.2% since 2005 but the average income tax contribution has jumped 19.6%.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
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