Finance Act, 1999

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Alteration of rates of income tax.

3.—Section 15 of the Principal Act is hereby amended, as respects the year of assessment 1999-2000 and subsequent years of assessment, by the substitution of the following Table for the Table to that section:

“TABLE

PART 1

Part of taxable income				Rate of tax	Description of rate
(1)				(2)	(3)
The first £14,000	...	...	...	24 per cent	the standard rate
The remainder	...	...	...	46 per cent	the higher rate

PART 2

Part of taxable income				Rate of tax	Description of rate
(1)				(2)	(3)
The first £28,000	...	...	...	24 per cent	the standard rate
The remainder	...	...	...	46 per cent	the higher rate

Finance Act, 1999 Permanent Page URL

Finance Act, 1999

Permanent Page URL