Number of higher-rate taxpayers soars due to frozen thresholds
15 July 2026
The number of higher-rate taxpayers has soared since 2023/24, as frozen thresholds continue to drag more people into higher rate tax bands, official statistics have shown. Data from HM Revenue & Customs found 40.8 million people are projected to be paying income tax in 2026/27, up from 36.7 million in 2023/24, with basic-rate taxpayers...
