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Explained in plain English

What is the top tax rate?

The highest rate of income tax in the UK is currently 45% (since 2010), applied to earnings over £150,000. This is known as the additional rate. The letters to billionaires are about ensuring they pay the correct amount on all their income and assets, not necessarily about increasing the tax rate itself.

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HMRC Writes to Billionaires Asking What They Own

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