Part 2Basic provisions

Chapter 2Rates at which income tax is charged

Income charged at particular rates

10F1Income charged at the ... basicF6, higher and additional rates: individuals

F21

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F32

Income tax on an individual's income up to the basic rate limit is charged at the basic rate (except to the extent that, in accordance with section 12, it is charged at the starting rate for savings).

3

Income tax is charged at the higher rate on an individual's income above the basic rate limit F7and up to the higher rate limit.

F83A

Income tax is charged at the additional rate on an individual's income above the higher rate limit.

F123B

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F123C

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4

This section is subject to—

  • F4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

  • F11section 11A (income charged at the Scottish basic, higher and additional rates),

  • section 13 (income charged at the dividend ordinary and dividend upper rates: individuals), and

  • any other provisions of the Income Tax Acts which provide for income of an individual to be charged at different rates of income tax in some circumstances.

5

The basic rate limit is F13£31,785.

F95A

The higher rate limit is £150,000.

F56

The basic rate limit F10and higher rate limit are increased in some circumstances: see—

a

section 414(2) (gift aid relief), and

b

section 192(4) of FA 2004 (relief for pension contributions).

7

See section 21 for indexation of the basic rate limit.