Section 4 | Increase in dividend ordinary and upper rates

(1)In section 8 of ITA 2007 (which provides, among other things, for the dividend ordinary rate and dividend upper rate)—

(a)in subsection (1) (the dividend ordinary rate), for “8.75%” substitute “10.75%”, and

(b)in subsection (2) (the dividend upper rate), for “33.75%” substitute “35.75%”.

(2)The amendments made by this section have effect for the tax year 2026-27 and subsequent tax years.