Finance Act 2001 (c. 9)

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%.