More Than 40 Mps Likely To Benefit From Scrapping 45P Tax Rate Taxes And Spending
Due to MPs’ standard pay increasing to £84,144 from April this year, 2022-23 would be the first year senior government ministers would have to pay the 45pc tax rate. However, the chancellor, Kwasi Kwarteng, scrapped the additional tax rate as part of a mini-budget of tax cuts presented on Friday. Cabinet ministers claim an extra £67,505 on top of their MPs’ salary, while the Prime Minister claims an extra £75,440....