# Finance Act 2016, Section 1: Income tax charge and rates for 2016-17


(1) Income tax is charged for the tax year 2016-17.
(2) For that tax year—
(a) the basic rate is 20%,
(b) the higher rate is 40%, and
(c) the additional rate is 45%.

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Source: https://www.legislation.gov.uk/ukpga/2016/24/section/1 (the official version)
Page: https://openlegislation.uk/finance-act-2016/section-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.