Finance Act 2007 (c. 11)

Part 1 U.K. Charges, rates, thresholds etc

Income tax U.K.

1 Charge and rates for 2007-08 U.K.

Income tax is charged for the tax year 2007-08; and for that tax year—

(a) the starting rate is 10%,

(b) the basic rate is 22%, and

(c) the higher rate is 40%.