# Finance Act 2008, Section 1: Charge and main rates for 2008-09


(1) Income tax is charged for the tax year 2008-09.
(2) For that tax year—
(a) the basic rate is 20%, and
(b) the higher rate is 40%.

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Source: https://www.legislation.gov.uk/ukpga/2008/9/section/1 (the official version)
Page: https://openlegislation.uk/finance-act-2008/section-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.