(1)The main rates at which income tax is charged are—
(a)the starting rate,
(b)the basic rate, and
(c)the higher rate.
(2)The starting rate, basic rate and higher rate for a tax year are the rates determined as such by Parliament for the tax year.
(3)For other rates at which income tax is charged see—
(a)section 7 (savings rate),
(b)section 8 (dividend ordinary rate and dividend upper rate), and
(c)section 9 (trust rate and dividend trust rate).
The savings rate is 20%.
(1)The dividend ordinary rate is 10%.
(2)The dividend upper rate is 32.5%.
(1)The trust rate is 40%.
(2)The dividend trust rate is 32.5%.