Additional rate taxpayer numbers set to increase by 77 percent

News Team, 04/07/2022

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...

Continue reading this article...

Start a free trial now for access to breaking news of the regulatory environment and legislative change happening in wealth management.

You are currently not logged in,
login to view the full article
start by clicking this button.

Need a subscription,
fill out the form here or
contact subs@eprivateclient.com

About PAM

PAM Insight is the world’s leading independent provider of essential specialist news, analysis and comparative data for the fast-evolving world of wealth management.

Read more about PAM


eprivateclient is the leading website and news service for private client practitioners, including lawyers, accountants, trustees and fee-based IFAs.

Read more