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Definition of

higher rate


upper UK income tax rate in the United Kingdom, the higher of the two bands of income tax. Her Majesty's Revenue & Customs is responsible for the administration of income tax and publishes information on current tax rates and allowances on its website.

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Definitions of ’higher rate’ and meaning of ’higher rate’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’higher rate’ and other financial terms with our online QFINANCE Financial Dictionary.

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