Chancellor abolishes plans to scrap the 45p rate of income tax

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    UK Government abolishes plans to scrap the 45p rate income tax…

    Whilst this may come as positive news to most, it’s too little too late. Many have already suffered the increased interest rates with this shambles partly to blame.

    Most importantly the current cabinet has been active less than a month, and already they’ve already lost all credibility.

    With the Autumn budget due towards the end of November it’ll be interesting to see how this plays out.

    https://www.accountingweb.co.uk/tax/hmrc-policy/chancellor-scraps-plans-to-abolish-45p-rate-of-income-tax

    James Wheeler, founder and managing directors of Jameco Group
    James Wheeler

    James has over 10 years of experience in accountancy and taxation. He has a real passion for business and truly believes SMEs are the heart of the UK economy. In 2017, he founded Jameco Group to provide first-class accountancy, taxation, and business advisory services to individuals and SMEs across the UK.

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