Richest taxpayers are male and live in London

The wealthiest taxpayers are predominantly male and middle aged, with those living in London earning income of over £700,00 a year, which places them in the top 300,000 earners in the UK, according to analysis by the Institute of Fiscal Studies.

To be counted in the top 1% of earners, UK-wide taxpayers had to take home in excess of £150,000 and there were only 310,000 of those people across the country as a whole in 2014-15, the period analysed by the Institute of Fiscal Studies (IFS) report.

Read more at Accountancy Daily.