(1)The main rates at which income tax is charged are—
F3(a). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(b)the basic rate, F4...
(c)the higher rate [F5, and
(d)the additional rate.]
(2)The F6... basic rate [F7, higher rate and additional rate] for a tax year are the rates determined as such by Parliament for the tax year.
F8(2A). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F8(2B). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F8(2C). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3)For other rates at which income tax is charged see—
F9(za). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
[F10(zb)section 6B (Welsh basic, higher and additional rates),]
[F11(zc)section 6C (default basic, higher and additional rates),]
[F12(a)section 7 (starting rate for savings [F13and savings nil rate]),]
[F14(aa)section 7A (savings basic, higher and additional rates),]
(b)section 8 ([F15dividend nil rate,] dividend ordinary rate [F16, dividend upper rate and dividend additional rate]), and
(c)section 9 (trust rate and dividend trust rate).
[F17(4)See also section 80C of the Scotland Act 1998 which makes provision for the purposes of section 11A (income charged at Scottish rates)]
Textual Amendments
F1Words in s. 6 heading omitted (21.7.2008 with effect in accordance with s. 5(6) of the amending Act) by virtue of Finance Act 2008 (c. 9), s. 5(5)
F2Words in s. 6 heading substituted (with effect in accordance with Sch. 2 para. 25 of the amending Act) by Finance Act 2009 (c. 10), Sch. 2 para. 2(3)
F3S. 6(1)(a) omitted (21.7.2008 with effect in accordance with s. 5(6) of the amending Act) by virtue of Finance Act 2008 (c. 9), s. 5(2)
F4Word in s. 6(1)(b) omitted (with effect in accordance with s. 6(6) of the amending Act) by virtue of Finance Act 2009 (c. 10), s. 6(2)
F5S. 6(1)(d) and preceding word inserted (with effect in accordance with s. 6(6) of the amending Act) by Finance Act 2009 (c. 10), s. 6(2)
F6Words in s. 6(2) omitted (21.7.2008 with effect in accordance with s. 5(6) of the amending Act) by virtue of Finance Act 2008 (c. 9), s. 5(3)
F7Words in s. 6(2) substituted (with effect in accordance with Sch. 2 para. 25 of the amending Act) by Finance Act 2009 (c. 10), Sch. 2 para. 2(2)
F8S. 6(2A)-(2C) omitted (with effect in accordance with Sch. 38 para. 12 of the amending Act) by virtue of Finance Act 2014 (c. 26), Sch. 38 para. 2(a)
F9S. 6(3)(za) omitted (30.11.2016 with effect in relation to tax year 2017-18 and subsequent tax years) by Scotland Act 2016 (c. 11), ss. 13(14), 14(3)(15), 72(3); S.I. 2016/1161, regs. 2, 3
F10S. 6(3)(zb) inserted (24.7.2018) by Wales Act 2014 (c. 29), ss. 9(2), 14, 29(4); S.I. 2018/892, art. 3 (with arts. 5, 6, 8)
F11S. 6(3)(zc) inserted (30.11.2016 with effect in relation to tax year 2017-18 and subsequent tax years) by Finance Act 2016 (c. 24), s. 6(5)(a)(24); S.I. 2016/1161, regs. 2, 3
F12S. 6(3)(a) substituted (21.7.2008 with effect in accordance with s. 5(6) of the amending Act) by Finance Act 2008 (c. 9), s. 5(4)
F13Words in s. 6(3)(a) inserted (with effect for the tax year 2016-17 and subsequent years) by Finance Act 2016 (c. 24), s. 4(2)(17)
F14S. 6(3)(aa) inserted (30.11.2016 with effect in relation to tax year 2017-18 and subsequent tax years) by Finance Act 2016 (c. 24), s. 6(5)(b)(24); S.I. 2016/1161, regs. 2, 3
F15Words in s. 6(3)(b) inserted (with effect for the tax year 2016-17 and subsequent years) by Finance Act 2016 (c. 24), s. 5(2)(10)
F16Words in s. 6(3)(b) substituted (with effect in accordance with s. 6(6) of the amending Act) by Finance Act 2009 (c. 10), s. 6(3)
F17S. 6(4) inserted (30.11.2016 with effect in relation to tax year 2017-18 and subsequent tax years) by Scotland Act 2016 (c. 11), ss. 13(14), 14(4)(15), 72(3); S.I. 2016/1161, regs. 2, 3
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F18S. 6A omitted (30.11.2016 with effect in relation to tax year 2017-18 and subsequent tax years) by Scotland Act 2016 (c. 11), ss. 13(14), 14(5)(15), 72(3); S.I. 2016/1161, regs. 2, 3
(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.]
Textual Amendments
F19S. 6B inserted (24.7.2018) by Wales Act 2014 (c. 29), ss. 9(3), 14, 29(4); S.I. 2018/892, art. 3 (with arts. 5, 6, 8)
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.]
Textual Amendments
F20S. 6C inserted (30.11.2016 with effect in relation to tax year 2017-18 and subsequent tax years) by Finance Act 2016 (c. 24), s. 6(3)(24); S.I. 2016/1161, regs. 2, 3
[F22(1)]The starting rate for savings is 0%.
[F23(2)The savings nil rate is 0%]
Textual Amendments
F21Words in s. 7 heading inserted (with effect for the tax year 2016-17 and subsequent years) by Finance Act 2016 (c. 24), s. 4(3)(c)(17)
F22S. 7 renumbered as s. 7(1) (with effect for the tax year 2016-17 and subsequent years) by Finance Act 2016 (c. 24), s. 4(3)(a)(17)
F23S. 7(2) inserted (with effect for the tax year 2016-17 and subsequent years) by Finance Act 2016 (c. 24), s. 4(3)(b)(17)
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.]
Textual Amendments
F24S. 7A inserted (30.11.2016 with effect in relation to tax year 2017-18 and subsequent tax years) by Finance Act 2016 (c. 24), s. 6(4)(24); S.I. 2016/1161, regs. 2, 3
[F27(A1)The dividend nil rate is 0%.]
(1)The dividend ordinary rate is [F288.75%].
(2)The dividend upper rate is [F2933.75%].
[F30(3)The dividend additional rate is [F3139.35%].]
Textual Amendments
F25Words in s. 8 heading inserted (with effect for the tax year 2016-17 and subsequent years) by Finance Act 2016 (c. 24), s. 5(3)(a)(10)
F26Words in s. 8 heading substituted (with effect in accordance with Sch. 2 para. 25 of the amending Act) by Finance Act 2009 (c. 10), Sch. 2 para. 3(3)
F27S. 8(A1) inserted (with effect for the tax year 2016-17 and subsequent years) by Finance Act 2016 (c. 24), s. 5(3)(b)(10)
F28Word in s. 8(1) substituted (with effect for the tax year 2022-23 and subsequent tax years) by Finance Act 2022 (c. 3), s. 4(1)(a)(3)
F29Word in s. 8(2) substituted (with effect for the tax year 2022-23 and subsequent tax years) by Finance Act 2022 (c. 3), s. 4(1)(b)(3)
F30S. 8(3) inserted (with effect in accordance with Sch. 2 para. 25 of the amending Act) by Finance Act 2009 (c. 10), Sch. 2 para. 3(2)
F31Word in s. 8(3) substituted (with effect for the tax year 2022-23 and subsequent tax years) by Finance Act 2022 (c. 3), s. 4(1)(c)(3)
(1)The trust rate is [F3245%].
(2)The dividend trust rate is [F3339.35%].
Textual Amendments
F32Words in s. 9(1) substituted (17.7.2012) (with effect in accordance with s. 1(6) of the amending Act) by Finance Act 2012 (c. 14), s. 1(3)(b)
F33Word in s. 9(2) substituted (with effect for the tax year 2022-23 and subsequent tax years) by Finance Act 2022 (c. 3), s. 4(2)(3)