Finance Act, 1996

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Alteration of rates of income tax.

2.— Section 2 of the Finance Act, 1991 , is hereby amended, as respects the year of assessment 1996-97 and subsequent years of assessment, by the substitution of the following Table for the Table to that section:

“TABLE

PART I

Part of taxable income	Rate of tax	Description of rate
(1)	(2)	(3)
The first £9,400	27 per cent.	the standard rate
The remainder	48 per cent.	the higher rate

PART II

Part of taxable income	Rate of tax	Description of rate
(1)	(2)	(3)
The first £18,800	27 per cent.	the standard rate
The remainder	48 per cent.	the higher rate

”.

Finance Act, 1996 Permanent Page URL

Finance Act, 1996

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