According to information from the Inland Revenue’s Statistics Book 2000, 2.72 million people would pay income tax in the top tax band this year, compared with 2.08 million in 1996/97.
A spokesman for Inland Revenue told AccountancyAge.com that high earnings and increased employment levels had contributed to this rise. This echoed the words of chancellor Gordon Brown who said the Treasury welcomed the fact that there were more people earning and more people in employment.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy