MoneyWeek news quiz: Will you be caught by the 60% tax trap?
The self-assessment tax return deadline, the £100k tax trap and the UK economy all made headlines this week. Can you get full marks in MoneyWeek’s news quiz?
A peculiar quirk of the tax system made headlines this week as new HMRC estimates show that for the first time, two million people are set to be hit by the 60% tax trap in the next fiscal year.
The tax trap, where high earners are taxed at a marginal rate of 60% has been widely criticised – but do you know how much you have to earn to pay this rate?
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