Link: UK tax rate card
Figures from the Inland Revenue have shown that in the last year 3.1 million workers were required to pay the income tax rate of 40% that is imposed on earnings over £34,515 a year.
This is out of a total of 29.4 million income tax payers and the figure represents a rise of over 1 million since Labour came to power in 1997.
A representative from the Inland Revenue told the FT that people were more affluent now than in 1997 and were getting paid more.
Report argues that the government must change the way it makes tax and budget decisions
Drastically fewer offices for HMRC in the hope to reduce their running costs
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Companies must report on their complex financial structures including offshore accounts and notify HMRC