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Income tax and sur-tax for the year 1940-41.
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1.—(1) Income tax shall be charged for the year beginning on the 6th day of April, 1940, at the rate of six shillings and six pence in the pound.
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(2) Sur-tax for the year beginning on the 6th day of April, 1940, shall be charged in respect of the income of any individual the total of which from all sources exceeds one thousand five hundred pounds and shall be so charged at the same rates (including increases made by this Act) as those at which it is charged for the year beginning on the 6th day of April, 1939.
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(3) The several statutory and other provisions which were in force on the 5th day of April, 1940, in relation to income tax and sur-tax and also the provisions relating to increases in the rates of sur-tax contained in this Act shall, subject to the provisions of this Act, have effect in relation to the income tax and sur-tax to be charged as aforesaid for the said year beginning on the 6th day of April, 1940.
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