The Latest Breaking News from Income Tax

Chancellor Kwasi Kwarteng announced a huge set of measures on Friday, including abolishing the top rate of income tax for high earners, which will be funded by more than £70bn of borrowing

This is a Budget for the rich - with £1m earners getting £55,000 while £25k earners get £283. We take you through all the ways the Income Tax, National Insurance, Stamp Duty and other tax cuts help the better-off

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