30Charge and rates of income tax for 1989-90
(1)Income tax shall be charged for the year 1989-90, and the basic rate of tax shall be 25 per cent.
(2)The higher rate at which income tax is charged for the year 1989-90 in respect of so much of an individual’s total income as exceeds the basic rate limit (£20,700) shall be 40 per cent.