The Latest Breaking News from Income Tax

Kwasi Kwarteng has unveiled a mini-budget that delivers billions of pound worth of tax cuts - including a surprise move to scrap the 45% top rate of income tax paid by the UK’s wealthiest. The Chancellor announced sweeping moves intended to rev up the economy in the eagerly-awaited “fiscal event”…

Nicola Sturgeon and Mark Drakeford criticise UK government over mini-budget that ‘embeds unfairness’

Using more than £70 billion of increased borrowing, Kwasi Kwarteng has set out a package which includes abolishing the top rate of income tax for the highest earners. Let us know what you think of his mini-budget announcement

The Mirror has pulled together a new calculator to highlight some of the key changes revealed today - including a reversal of the National Insurance hike and a 1p cut in Income Tax

The Chancellor abolished the top rate of income tax for the highest earners.

Income tax and stamp duty on home purchases will be cut and planned rises in business taxes have been scrapped.

The Government has unveiled a raft of tax cuts as part of plans to drive up growth during the cost-of-living crisis.

FOR a “fiscal event” or even a mini-Budget, there is an extraordinary change of direction identified in the Chancellor’s speech today — enough for a couple of conventional Budgets. He told us this morning, “there are too many barriers to enterprise”. Accordingly, he has set out a dizzying range of…

The Chancellor scrapped the top rate of income tax for the rest of the UK, and reduced the basic rate to 19p in the pound.

We ask the experts which changes will have the most impact and how Holyrood is likely to react

Kwasi Kwarteng has delivered his Mini-Budget in the House of Commons, with changes to Income Tax, National Insurance and the benefit system all confirmed this morning