(1)For the tax year 2018-19 the default rates of income tax are as follows—
(a)the default basic rate is 20%;
(b)the default higher rate is 40%;
(c)the default additional rate is 45%.
(2)For the tax year 2018-19 the savings rates of income tax are as follows—
(a)the savings basic rate is 20%;
(b)the savings higher rate is 40%;
(c)the savings additional rate is 45%.