Part 2 U.K. Basic provisions

Chapter 2 U.K. Rates at which income tax is charged

Income charged at particular rates U.K.

[F1 11DA Income charged at the savings basic rate: non-individuals U.K.

(1) Income tax is charged at the savings basic rate on the income of persons other than individuals which—

(a) is savings income,

(b) would otherwise be charged at the default basic rate, and

(c) is not relevant foreign income charged in accordance with section 832 of ITTOIA 2005 (relevant foreign income charged on the remittance basis).

(2) This is subject to—

• Chapters 3 to 5 of Part 9 (which provide for some income of trustees to be charged at special trust rates), and

• any other provisions of the Income Tax Acts (apart from section 11) which provide for income of persons other than individuals to be charged at different rates of income tax in some circumstances.]

Textual Amendments

F1 S. 11DA inserted (for the tax year 2027-28 and subsequent tax years) by Finance Act 2026 (c. 11), s. 6(8), Sch. 1 para. 12