In figures released by HMRC, it shows that more people have been drawn into the tax system in the last two decades. The data showed that there were 27.7m taxpayers in the year 1999 to 2000 this number has risen to 31.6m taxpayers in 2018-2019.

HMRC predicts that the UK will pay £199bn of income tax in the year 2021 to 2022 with the number of taxpayers rising further to a predicted level of 32.2m people for 2021-2022.

The estimates from HMRC are based on the projections of the 2018 to 2019 Survey of Personal Incomes and the Office for Budget Responsibility’s March 2020 Economic and Fiscal Outlook.

The number of basic rate taxpayers will sit at around 27m, this will be a 2.6% rise from 2018 to 2019 and they’ll make up 83.2% of income taxpayers. The data also shows that there will be a predicted 4.1m higher rate taxpayers in 2021 to 2022 and they will make up 13.1% of income taxpayers.