Top earners pay a fifth of all taxes

Posted on 13 Nov 2013
Share Blog Post
Top earners pay a fifth of income tax and CGT HMRC figures show that a fifth of all income and capital gains tax is paid by just 100,000 of Britain's top earners. This group, which equates to 0.15% of the population, pays a total of £35.1bn in these taxes, with the 100 richest taxpayers paying an average of £18m each – with this just over 1% of the total income and capital gains tax take. Tommy Stubbington in the Sunday Times suggests the analysis will “fuel anxiety” that a tax-increasing Labour government under Jeremy Corbyn could drive an exodus of Britain’s super-rich. Alex Davies, chief executive of the investment platform Wealth Club, which obtained the data, said: "The well-off are essential to the country's finances," adding: “Any government needs to tread carefully if they think that squeezing these people for even more cash is the solution to our woes.”

View more blog posts

NIC hammer blow
Posted on 23 Jun 2025
NIC hammer blow
read more
Youth mobility scheme
Posted on 21 May 2025
Youth mobility scheme
read more
Businesses unaware of MTD
Posted on 14 May 2025
Businesses unaware of MTD
read more
Two tier tax system introduced
Posted on 07 May 2025
Two tier tax system introduced
read more
Back To Top
01604 660661