PART 1Income tax, corporation tax and capital gains tax
Income tax charge, rates etc
3Default and savings rates of income tax for tax year 2021-22
1
For the tax year 2021-22 the default rates of income tax are as follows—
a
the default basic rate is 20%,
b
the default higher rate is 40%, and
c
the default additional rate is 45%.
2
For the tax year 2021-22 the savings rates of income tax are as follows—
a
the savings basic rate is 20%,
b
the savings higher rate is 40%, and
c
the savings additional rate is 45%.