Income Tax: Tax Rates and Bands

Summary

To ask the Chancellor of the Exchequer, if he will make an assessment of the potential impact on (a) economic growth and (b) inequality of introducing a higher earners minimum tax rate of 35% for people earning over £100,000 a year.

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Timeline

1. 27 February 2024

   Written question

   To ask the Chancellor of the Exchequer, if he will make an assessment of the potential impact on (a) economic growth and (b) inequality of introducing a higher earners minimum tax rate of 35% for people earning over £100,000 a year.

   Source: Commons

2. 4 March 2024

   Answer

   The Government is committed to a fair tax system in which those with the most contribute the most. The income tax system is highly progressive, with different rates of tax sitting above an internationally high Personal Allowance.The Government keeps tax p...

   Source: Written answer

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• · Treasury · Answering body

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