Further to our report about changes due to be made to the way in which employers report payroll information to HM Revenue & Customs (HMRC), information has now emerged on one of the practical benefits of this transition for employees. To help make millions of people more aware of the amount of tax they pay, [...]
Wednesday, June 15, 2011
The introduction of the top rate fifty percent tax band has resulted in Britains highest earners paying more tax than 13 other major economies. Those earning more than £122,000 would take home 60.9 percent of their income after tax – this differs from Russia where 87 percent is retained, 80.4 percent in Egypt and 100 [...]
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Sunday, June 19, 2011
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