Income Tax: Tax Rates and Bands
2026-07-22 · Treasury · HL2772 · Official question
Question
To ask His Majesty's Government whether they plan to increase the higher rate of income tax to 50 per cent; and, if so, what estimate they have made of the revenue implications of increasing that rate.
Answer
The Government remains committed to its manifesto which pledged to protect working people by not increasing rates of income tax. HM Revenue and Customs regularly publishes estimates of the effects of illustrative tax changes on tax receipts. The most rece...