Part 1Income tax, capital gains tax and corporate taxes

Income tax charge, rates etc

3Default and savings rates of income tax for tax year 2025-26

(1)

For the tax year 2025-26 the default rates of income tax are as follows—

(a)

the default basic rate is 20%,

(b)

the default higher rate is 40%, and

(c)

the default additional rate is 45%.

(2)

For the tax year 2025-26 the savings rates of income tax are as follows—

(a)

the savings basic rate is 20%,

(b)

the savings higher rate is 40%, and

(c)

the savings additional rate is 45%.