‘A seismic shift’: One in five taxpayers face 40% rate by 2027 – with these professions hard hit Posted on May 16, 2023 By Charlielikes One in five taxpayers will be paying higher-rate income tax by 2027, in what the Institute for Fiscal Studies describes as a “seismic shift” since the 1990s. news Tags:‘a, ‘hard, ‘with, “five, $40, 2027, billy wilkins, by, face?’, hit, in, news, one, professions, rate, seismic, shift’, taxpayers, these, topnews, trending