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New 50p Tax affects 280,000

Thurs 6th May, 2010

More than 280,000 people will be forced to pay the new 50p rate of income tax in 2010/11, according to a report in the Telegraph.

 

The paper says official figures disclosed last night show HMRC expects to collect an additional £10bn in income tax, with £9bn of that coming from those on wages above £40,000.

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