Finance Act 2013
2013 CHAPTER 29
Introduction
Section 1: Charge for 2013-14
Summary
1.Section 1 provides for income tax for the tax year 2013-14.
Details of the Section
2.Section 1 provides for income tax for 2013-14.
Background
3.Income tax is an annual tax. It is for Parliament to impose income tax for a tax year.
4.Section 1 imposes a charge to income tax for the tax year 2013-14. Section 1(2) Finance Act 2012 provides the main rates of income tax for 2013-14: the 20 per cent basic rate, the 40 per cent higher rate and the 45 per cent additional rate.
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