11Income tax for 1939-40.
(1)Income tax for the year 1939-40 shall be charged at the standard rate of five shillings and sixpence in the pound, and, in the case of an individual whose total income exceeds two thousand pounds, at such higher rates in respect of the excess over two thousand pounds as Parliament may hereafter determine.
(2)All such enactments as had effect with respect to the income tax charged for the year 1938-39 shall have effect with respect to the income tax charged for the year 1939-40.