Finance Act, 1985

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Alteration of rates of income tax.

2.— Section 2 of the Finance Act, 1984 , is hereby amended, as respects the year 1985-86 and subsequent years of assessment, by the substitution of the following Table for the Table to the said section:

“TABLE

PART I

Part of taxable income	Rate of tax		Description of rate
(1)	(2)		(3)
The first £4,500	35 per cent.		the standard rate
The next £2,800	48 per cent.	}	the higher rates
The remainder	60 per cent.	}	the higher rates

PART II

Part of taxable income	Rate of tax		Description of rate
(1)	(2)		(3)
The first £9,000	35 per cent.		the standard rate
The next £5,600	48 per cent.	}	the higher rates
The remainder	60 per cent.	}	the higher rates

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Finance Act, 1985 Permanent Page URL

Finance Act, 1985

Permanent Page URL