Part 2Basic provisions
Chapter 2Rates at which income tax is charged
The rates
6The F16... basic rate F25, higher rate and additional rate
1
The main rates at which income tax is charged are—
F7a
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
b
the basic rate, F15...
c
the higher rate F2, and
d
the additional rate.
2
F132A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F132B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F132C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
For other rates at which income tax is charged see—
F31za
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F12zb
section 6B (Welsh basic, higher and additional rates),
F33zc
section 6C (default basic, higher and additional rates),
F30aa
section 7A (savings basic, higher and additional rates),
b
c
section 9 (trust rate and dividend trust rate).
F294
See also section 80C of the Scotland Act 1998 which makes provision for the purposes of section 11A (income charged at Scottish rates)
F276AThe Scottish basic, higher and additional rates
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6BF20The Welsh basic, higher and additional rates
1
The Welsh basic rate, the Welsh higher rate and the Welsh additional rate for a tax year are calculated as follows.
Step 1 Take the basic rate, higher rate or additional rate.
Step 2 Deduct 10 percentage points.
Step 3 Add the Welsh rate (if any) set by the National Assembly for Wales for that year for the purpose of calculating the Welsh basic rate, the Welsh higher rate or the Welsh additional rate (as the case may be).
2
For provision about the setting of the Welsh rates, see Chapter 2 of Part 4A of the Government of Wales Act 2006.
6CF32The default basic, higher and additional rates
The default basic rate, default higher rate and default additional rate for a tax year are the rates determined as such by Parliament for the tax year.
7The starting rate for savings F18and savings nil rate
F281
The starting rate for savings is 0%.
F172
The savings nil rate is 0%
7AF26The savings basic, higher and additional rates
The savings basic rate, savings higher rate and savings additional rate for a tax year are the rates determined as such by Parliament for the tax year.
8The F22dividend nil rate, dividend ordinary rateF6, dividend upper rate and dividend additional rate
F19A1
The dividend nil rate is 0%.
1
The dividend ordinary rate is F48.75%.
2
The dividend upper rate is F1433.75%.
F33
The dividend additional rate is F839.35%.
9The trust rate and dividend trust rate
1
The trust rate is F2145%.
2
The dividend trust rate is F1139.35%.