Section 1 Charge and rates for 2015-16
(1)
Income tax is charged for the year 2015-16.
(2)
For that tax year—
(a)
the basic rate is 20%,
(b)
the higher rate is 40%, and
(c)
the additional rate is 45%.
Income tax is charged for the year 2015-16.
For that tax year—
the basic rate is 20%,
the higher rate is 40%, and
the additional rate is 45%.