Part 2Basic provisions

Chapter 2Rates at which income tax is charged

The rates

6The starting rate, basic rate and higher rate

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).