4(1)Section 10 (income charged at basic and higher rates: individuals) is amended as follows.U.K.
(2)In subsection (3), insert at the end “and up to the higher rate limit.”
(3)After that subsection insert—
“(3A)Income tax is charged at the additional rate on an individual's income above the higher rate limit.”
(4)After subsection (5) insert—
“(5A)The higher rate limit is £150,000.”
(5)In subsection (6), for “is” substitute “ and higher rate limit are ”.
(6)In the heading, for “and higher” substitute “ , higher and additional ”.