Finance Act, 1990

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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 1990-91 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 £6,500	30 per cent.	the standard rate
The next £3,100	48 per cent.	the higher rates
The remainder	53 per cent.	the higher rates

PART II

Part of taxable income	Rate of tax	Description of rate
(1)	(2)	(3)
The first £13,000	30 per cent.	the standard rate
The next £6,200	48 per cent.	the higher rates
The remainder	53 per cent.”.	the higher rates

Finance Act, 1990 Permanent Page URL

Finance Act, 1990

Permanent Page URL