UK to reverse payroll tax increase from Nov. 6 - Kwarteng


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LONDON - British finance minister Kwasi Kwarteng said on Thursday a 1.25 percentage point increase in payroll tax which came into force earlier this year would be reversed from Nov. 6.

Kwarteng also said the government would cancel a separate tax, the Health and Social Care Levy, due to come into force in April 2023 and scrap a planned increase to dividend tax rates.

(Reporting by Muvija M, Writing by Kylie MacLellan; Editing by Kate Holton)

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