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Pre-Budget Report 2008 - Top rate of income tax to be increased to 45%

Chancellor Alistair Darling has announced in his Pre-Budget Report that the top rate of income tax is to be increased to 45% - but not until April 2011 and only on income over £150,000. This applies to income other than dividend income which will be taxed at 37.5% (up from 32.5%)

This is part of a package of proposed tax increases to help fund the short term measures announced elsewhere in his report.
 

 

 

Date: 24th November, 2008
Author: Liz Cuthbertson

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