London: +44 (0)20 7236 2601
St Albans: +44 (0)1727 869141
Rickmansworth: +44 (0) 1923 771010
Milton Keynes: +44 (0)1908 605552

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

SHARE THIS

Articles from this Author

Contact a Private Client Partner

Tweet

Lisa Spearman, Private Client Partner advises on 'Tales of the unexpected : UK tax where you didn’t think you would… twitter.com/i/web/status/1…

Observations on the government consultation response of 26 August 2018 by Chris Laughton, a corporate advisory part… twitter.com/i/web/status/1…

Follow

LinkedIn

For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole

Click here to follow us on LinkedIn