Income tax: the new 50p tax rate - Commons Library Standard Note

Published 27 April 2012 | Standard notes SN00249

Authors: Antony Seely

Topic: Economic policy, Taxation

In the 2009 Budget the Labour Government announced the introduction of a new 'additional' 50p rate on incomes above £150,000 from April 2010. This note discusses the debate there has been about the 50p rate, as to its political significance and its economic impact, and the Coalition Government's position on its continued existence.

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