Part 1 U.K.Charges, rates, allowances etc
Income taxU.K.
1Charge and main rates for 2011-12U.K.
(1)Income tax is charged for the tax year 2011-12.
(2)For that tax year—
(a)the basic rate is 20%,
(b)the higher rate is 40%, and
(c)the additional rate is 50%.