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Finance Act 1931

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6Higher rates of income tax for 1930-31

Income tax for the year 1930-31 in respect of the excess of the total income of an individual over two thousand pounds shall be charged at rates in the pound which respectively exceed the standard rate by the amounts specified in the second column of the following Table :—

TABLE.

In respect of the first five hundred pounds of the excess.One shilling.
In respect of the next five hundred pounds of the excess.One shilling and threepence.
In respect of the next one thousand pounds of the excess.Two shillings.
In respect of the next one thousand pounds of the excess.Three shillings.
In respect of the next one thousand pounds of the excess.Three shillings and sixpence.
In respect of the next two thousand pounds of the excess.Four shillings.
In respect of the next two thousand pounds of the excess.Five shillings.
In respect of the next five thousand pounds of the excess.Five shillings and sixpence.
In respect of the next five thousand pounds of the excess.Six shillings.
In respect of the next ten thousand pounds of the excess.Six shillings and sixpence.
In respect of the next twenty thousand pounds of the excess.Seven shillings.
In respect of the remainder of the excess.Seven shillings and sixpence.

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