• Farrell & Farrell

UK: Chancellor scraps plans to remove 45% income tax rate for high earners

The Chancellor, Kwasi Kwarteng, has today announced that the Government will not go ahead with plans to abolish the 45p rate of income tax after facing rising pressure since announcing the cut as part of his recent Mini Budget package.



3 views0 comments

Recent Posts

See All

In response to the Bank of England interest rate increase to 3.0%, HMRC’s late payment interest rates will also increase with effect from 22 November 2022 as follows: - late payment interest rate — 4.