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Status:
Point in time view as at 01/10/2010.
Changes to legislation:
Finance Act 2007, Section 1 is up to date with all changes known to be in force on or before 06 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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1Charge and rates for 2007-08U.K.
Income tax is charged for the tax year 2007-08; and for that tax year—
(a)the starting rate is 10%,
(b)the basic rate is 22%, and
(c)the higher rate is 40%.
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