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Legislation
Finance Act 2016

Crossheading Charge and principal rates etc

  • Section 1 Income tax charge and rates for 2016-17
  • Section 2 Basic rate limit for 2017-18
  • Section 3 Personal allowance for 2017-18
  1. Charge and principal rates etc
  2. Income tax charge and rates for 2016-17

Section 1 | Income tax charge and rates for 2016-17

From legislation.gov.uk

(1)Income tax is charged for the tax year 2016-17.

(2)For that tax year—

(a)the basic rate is 20%,

(b)the higher rate is 40%, and

(c)the additional rate is 45%.

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