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MSE News: Autumn Statement: Tax boost for lower income earners

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in Cutting tax
Those on lower incomes will pay less tax from next year, but higher rate payers face a rise...
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Same rates, same thresholds, where's the tax rise? Perhaps in real terms, but you're talking very small amounts, and the anomaly will be gone within a year or two once the thresholds align.
Not entirely true. The higher rate threshold will reduce from £42,475 to £41,450, but this had already been announced. Most higher rate taxpayers will benefit from the additional £235 increase in the personal allowance, which was the new development today.