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Top 0.1% richest hand over £22bn to HMRC

IFAonline
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IFAonline
Posted:
Updated:
07/10/2013

The country’s top 30,000 income tax payers will pay 14% of the total brought in this year, according to figures from HM Revenue & Customs (HMRC).

The Daily Mail reports this is almost double the share they paid a decade ago. It said the shift was due to the booming wealth of Britain’s richest taxpayers, rising tax rates and shifts in the ‘burden’ from poorer to richer people.

It said the statistics mean the top 0.1% will pay about £22bn in income tax this year – or an average of almost £750,000 each.

HMRC released the information after a Freedom of Information Act request from an unnamed individual.


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