Part 2Basic provisions

Chapter 2Rates at which income tax is charged

Income charged at particular rates

10F1Income charged at the ... basicF7, higher and additional rates: individuals

F21

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F32

Income tax on an individual's income up to the basic rate limit is charged at the basic rate (except to the extent that, in accordance with section 12, it is charged at the starting rate for savings).

3

Income tax is charged at the higher rate on an individual's income above the basic rate limit F8and up to the higher rate limit.

F93A

Income tax is charged at the additional rate on an individual's income above the higher rate limit.

F123B

If the individual is a Scottish taxpayer, the basic rate, higher rate and additional rate are—

a

on so much of the individual's income as is savings income, the rates determined as such under section 6(2);

b

on so much of the individual's income as is not savings income, the rates determined as such under section 6(2B).

3C

Section 16 has effect for determining which part of a Scottish taxpayer's income consists of savings income.

4

This section is subject to—

  • F4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

  • section 13 (income charged at the dividend ordinary and dividend upper rates: individuals), and

  • any other provisions of the Income Tax Acts which provide for income of an individual to be charged at different rates of income tax in some circumstances.

F55

The basic rate limit is F13£35,300.

F105A

The higher rate limit is £150,000.

F66

The basic rate limit F11and higher rate limit are increased in some circumstances: see—

a

section 414(2) (gift aid relief), and

b

section 192(4) of FA 2004 (relief for pension contributions).

7

See section 21 for indexation of the basic rate limit.