City AM
City AM
UK · 7 mins ago

Scotland’s tax hike may have backfired as receipt falls

The Scottish government’s decision to raise the top rate of income tax may have backfired, according to analysis by the lawyer Dan Neidle.  Neidle’s research on tax data suggested that a decision to increase the top income tax rate to 48 per cent led to lower receipts.  HMRC data from 2024-25 suggested that the Scottish…
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