Finance Act 2006 (c. 25)

Part 3 Income tax, corporation tax and capital gains tax

Chapter 1 Income tax and corporation tax: charge and rate bands

Income tax

23 Charge and rates for 2006-07

Income tax shall be charged for the year 2006-07, and for that year—

(a) the starting rate shall be 10%;

(b) the basic rate shall be 22%;

(c) the higher rate shall be 40%.