Part 3 INCOME TAX, CORPORATION TAX AND CAPITAL GAINS TAX

Chapter 1 CHARGE AND RATES

Income tax

50 Charge and rates for 2001-02

Income tax shall be charged for the year 2001-02, and for that year—

a

the starting rate shall be 10%,

b

the basic rate shall be 22%, and

c

the higher rate shall be 40%.