HMRC’s latest data shows that millions of people have been brought into income tax since the personal allowance was frozen in 2021/22. The latest income tax statistics suggest that there are 37.4m income tax payers in 2024/25, up from 33m in 2021/22 (the tax year from which the personal allowance and basic rate band thresholds have been frozen). The number of taxpayers with income in the 40% higher rate band has increased over the same period by 42.6% (6.3m, up from 4.4m).
The number of taxpayers at or over state pension age has also increased from 6.7m in 2021/22 to 8.5m in 2024/25.
HMRC’s historical statistics show that, before 2021/22, there was generally far less variation in the figures from year to year.
HMRC’s latest data shows that millions of people have been brought into income tax since the personal allowance was frozen in 2021/22. The latest income tax statistics suggest that there are 37.4m income tax payers in 2024/25, up from 33m in 2021/22 (the tax year from which the personal allowance and basic rate band thresholds have been frozen). The number of taxpayers with income in the 40% higher rate band has increased over the same period by 42.6% (6.3m, up from 4.4m).
The number of taxpayers at or over state pension age has also increased from 6.7m in 2021/22 to 8.5m in 2024/25.
HMRC’s historical statistics show that, before 2021/22, there was generally far less variation in the figures from year to year.
