High earning UK residents will be hit hard when the new income tax rate of 50 per cent becomes law in 2010, according to ACCA’s head of taxation Chas Roy-Chowdhury. The new rate will affect up to 350,000 UK residents and a majority of those can be found within the UK’s wealthiest towns, from Dulwich in South east London to Southwold in Suffolk. As an example, someone who earns £250,000 per annum...
New year tax rise will hit wealthy UK residents, says ACCA
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