Finance Act, 1988

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Alteration of rates of income tax.

2.— Section 2 of the Finance Act, 1986 , is hereby amended, as respects the year 1988-89 and subsequent years of assessment, by the substitution of the following Table for the Table to the said section:

“TABLE

PART I

Part of taxable income	Rate of tax		Description of rate
(1)	(2)		(3)
The first £5,700	35 per cent.		the standard rate
The next £2,900	48 per cent.	}	the higher rates
The remainder	58 per cent.

PART II

Part of taxable income	Rate of tax		Description of rate
(1)	(2)		(3)
The first £11,400	35 per cent.		the standard rate
The next £5,800	48 per cent.	}	the higher rates
The remainder	58 per cent.

”.

Finance Act, 1988 Permanent Page URL

Finance Act, 1988

Permanent Page URL