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Legislation
Finance Act 2018

Crossheading Income tax: rates and allowances

  • Section 3 Main rates of income tax for tax year 2018-19
  • Section 4 Default and savings rates of income tax for tax year 2018-19
  • Section 5 Starting rate limit for savings for tax year 2018-19
  • Section 6 Transfer of tax allowance after death of spouse or civil partner
  1. Income tax: rates and allowances
  2. Main rates of income tax for tax year 2018-19

Section 3 | Main rates of income tax for tax year 2018-19

From legislation.gov.uk

For the tax year 2018-19 the main rates of income tax are as follows—

(a)the basic rate is 20%;

(b)the higher rate is 40%;

(c)the additional rate is 45%.

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