An extra 3.5million are set to be hit by a stealth tax charge under Labour Party Chancellor Rachel Reeves. 3.5 million ...

The Office for Budget Responsibility (OBR) has warned that 3.5 million taxpayers will be dragged into the 40 per cent tax ...

In the UK, we use a marginal rate of tax to calculate income tax bills. That means earners pay one rate of tax up to a set threshold, and then a higher percentage on each additional pound earned in ...

Frozen tax thresholds are dragging millions more people into higher and additional rate tax brackets. Will you pay more?

Additional rate income tax at 45 per cent is paid on income above £125,141 How tax bands work The amount of tax you pay will depend on how much income falls within each tax band.

MILLIONS of workers will be hit with higher tax bills in the coming years as frozen thresholds will force them to hand over more of their earnings to the taxman. Around 4.1million extra workers ...

Some 39.1 million people are projected to be liable for income tax in 2025-26, according to HM Revenue and Customs figures.

Five years ago – that is to say in the 2020-21 tax year – there were around 4.4 million people paying the higher rate of income tax. Around 433,000 of these also paid the additional rate.