Income Tax
(asked on 7th September 2020) - View Source
Question to the HM Treasury:
To ask Her Majesty's Government how many people are currently paying the additional rate of income tax; and how much they raised from this band over the last financial year.
The table below contains estimates of additional rate taxpayer numbers and liabilities taxed at the additional rate for the 2019-20 financial year:
Number of taxpayers with total taxable income above the additional rate threshold and tax liabilities at the additional rate | |
Number of taxpayers (thousands) | 450 |
Total additional rate tax liabilities (£ million) | 42,400 |
Of which: |
|
Tax on earnings (£ million) | 35,300 |
Tax on savings (£ million) | 856 |
Tax on dividends (£ million) | 6,290 |
- Taxpayer numbers and liabilities are rounded to three significant figures. Figures may not sum due to rounding.
- The figures are based on outturn data derived from the 2017-18 Survey of Personal Incomes (SPI) and projected using economic assumptions consistent with the Office for Budget Responsibility’s March 2020 Economic and Fiscal Outlook.
The estimated number of income tax payers, and liabilities by tax band are published in HMRC’s Income Tax Liabilities Statistics publication.