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Part 1 U.K.Charges, rates etc

Income taxU.K.

1Charge, main rates, thresholds and allowances etc for 2010-11U.K.

(1)Income tax is charged for the tax year 2010-11.

(2)For that tax year—

(a)the basic rate is 20%,

(b)the higher rate is 40%, and

(c)the additional rate is 50%.

(3)The amounts specified in the following provisions of ITA 2007 are the same for the tax year 2010-11 as for the tax year 2009-10—

(a)sections 10(5) and 12(3) (basic rate limit and starting rate limit for savings),

(b)sections 35, 36(1), 37(1) and 38(1) (personal allowances and blind person's allowance),

(c)sections 43, 45(3)(a) and (b) and 46(3)(a) and (b) (tax reductions for married couples and civil partners), and

(d)sections 36(2), 37(2), 45(4) and 46(4) (adjusted net income limit).