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Glossary   >   H   >   "Higher rate adjustment" Definition            Higher rate adjustment An income tax coding allocated to people who pay tax at the higher rate.For interest received from banks or dividends from shares etc, the higher rate adjustment enables the Inland Revenue to collect the additional tax due over and above the basic rate. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Higher rate adjustment - An income tax coding allocated to people who pay tax at the higher rate.For interest received from banks or dividends from shares etc, the higher rate adjustment enables the Inland Revenue to collect the additional tax due over and above the basic rate.