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

  • Farrell & Farrell
  • Oct 3, 2022
  • 1 min read

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.



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Farrell & Farrell CA Limited (trading as Farrell & Farrell) is registered in NI with registration number NI 639336. Registered with The Chartered Institute of Taxation as a firm of Chartered Tax Advisers. Registered to carry on audit work and regulated for a range of investment business activities by Chartered Accountants Ireland (CAI). Details about our audit registration can be viewed at www.auditregister.org.uk under reference number 3044856.

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