Income Tax

Treasury written question – answered on 16th September 2020.

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Photo of Lord Risby Lord Risby Conservative

To ask Her Majesty's Government how many people are currently paying the additional rate of income tax; and how much they raised from this band over the last financial year.

Photo of Lord Agnew of Oulton Lord Agnew of Oulton Minister of State (HM Treasury), Minister of State (Cabinet Office)

The table below contains estimates of additional rate taxpayer numbers and liabilities taxed at the additional rate for the 2019-20 financial year:

Number of taxpayers with total taxable income above the additional rate threshold and tax liabilities at the additional rate

Number of taxpayers (thousands)

450

Total additional rate tax liabilities (£ million)

42,400

Of which:

Tax on earnings (£ million)

35,300

Tax on savings (£ million)

856

Tax on dividends (£ million)

6,290

  1. Taxpayer numbers and liabilities are rounded to three significant figures. Figures may not sum due to rounding.
  2. The figures are based on outturn data derived from the 2017-18 Survey of Personal Incomes (SPI) and projected using economic assumptions consistent with the Office for Budget Responsibility’s March 2020 Economic and Fiscal Outlook.

The estimated number of income tax payers, and liabilities by tax band are published in HMRC’s Income Tax Liabilities Statistics publication.

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