# Finance Act 2007, Section 1: Charge and rates for 2007-08


Income tax is charged for the tax year 2007-08; and for that tax year—
(a) the starting rate is 10%,
(b) the basic rate is 22%, and
(c) the higher rate is 40%.

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Source: https://www.legislation.gov.uk/ukpga/2007/11/section/1 (the official version)
Page: https://openlegislation.uk/finance-act-2007/section-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.