Beat UK’s £199 Billion Income Tax Bill
There were 31.6 million income tax payers in 2018/19, and there will be 32.2 million in 2021/22, as a combination of employment and population increases alongside the freeze in the personal allowance.Q1 2021 hedge fund letters, conferences and more In 1999/2000 we paid £93 billion in income tax. This rose to £187 billion in 2018/19 and is expected to hit £199 billion by 2021/22.There will be 27 million basic rate taxpayers in 2021/2022, which is a 2.6% increase from 2018/2019. They’ll make up 83.2% of income taxpayers.There will be 4.13 million higher rate taxpayers in 2021/2022, which is down...