TaxPersonal TaxBudget2011: 50% tax rate ‘temporary’

Budget2011: 50% tax rate 'temporary'

George Osborne says the 50% tax rate for high earners is temporary and up for examination.

GEORGE OSBORNE has revealed he considers the 50% tax rate for high earners necessary but temporary.

Saying “we are all in this together”, he said the time is not right to cut the levy, but revealed HMRC will examine how much extra money it is bringing in.

He said high personal tax can be damaging, crushing enterprises and aspirations, as well as undermining tax revenues.

Related Articles

Spring Budget leaves HNWIs considering their options

Personal Tax Spring Budget leaves HNWIs considering their options

9m Emma Smith, Managing Editor
Delay to NICs increase a ‘partial U-turn’, says McDonnell

Personal Tax Delay to NICs increase a ‘partial U-turn’, says McDonnell

9m Emma Smith, Managing Editor
Top five takeaways from Spring Budget 2017

Corporate Tax Top five takeaways from Spring Budget 2017

9m Emma Smith, Managing Editor
Live blog: Spring Budget 2017

Corporate Tax Live blog: Spring Budget 2017

9m Accountancy Age editorial
Top five talking points for Spring Budget 2017

Corporate Tax Top five talking points for Spring Budget 2017

9m Emma Smith, Managing Editor
Income tax reduction top priority for businesses in Spring Budget

Corporate Tax Income tax reduction top priority for businesses in Spring Budget

9m Emma Smith, Managing Editor
What can we expect from Spring Budget 2017?

Corporate Tax What can we expect from Spring Budget 2017?

10m Emma Smith, Managing Editor
Budget is a 'springboard' for tax policy reform, says new report

Corporate Tax Budget is a 'springboard' for tax policy reform, says new report

11m Stephanie Wix, Writer