New data from HMRC has revealed that there are 77 percent more additional rate taxpayers projected for 2022/2023 than there were in 2016/2017, and 49 percent more than in 2019/2020.
Higher and additional rate taxpayers are projected to make up 18 percent of all taxpayers in 2022/2023, compared to just 13 percent in 2019/2020 and 16 percent in 2015/2016.
Simon Love, manager of personal tax at accountancy firm Saffery Champness, said: “We’re now starting to see the painful real...
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