Income Tax
(asked on 24th November 2025) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what change in the number of people paying income tax at 40% does she estimate will take place between 2023 and 2028.
This question was answered on 27th November 2025
The number of people forecast to pay tax by marginal rate from 2023-24 to 2028-29 can be found in Table 3.19 in the OBR’s November 2025 Economic and fiscal outlook – detailed forecast tables: receipts, linked below:
The previous Government made the decision to maintain income tax thresholds at their current levels from April 2021 until April 2028.