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Highest rate of tax will be paid by more people after the top threshold is reduced in the Budget

Highest rate of tax will be paid by more people after the top threshold is reduced in the Budget

Apr 24, 2023 | Accounting, Budget, Tax

Higher earners have been dealt a blow after the Chancellor changed the level at which the 45% additional rate of tax applies from £150,000 to £125,140. The move takes effect in the 2023/24 tax year and brings the threshold in line with the point at which...

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