Finance Act 2008 (c. 9)

Part 1 U.K. Charges, rates, allowances, reliefs etc

Income tax U.K.

1 Charge and main rates for 2008-09 U.K.

(1) Income tax is charged for the tax year 2008-09.

(2) For that tax year—

(a) the basic rate is 20%, and

(b) the higher rate is 40%.