Finance Act, 1989

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Alteration of rates of income tax.

2.— Section 2 of the Finance Act, 1984 , is hereby amended, as respects the year 1989-90 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 £6,100	32 per cent.		the standard rate
The next £3,100	48 per cent.	}	the higher rates
The remainder	56 per cent.	}	the higher rates

PART II

Part of taxable income	Rate of tax		Description of rate
(1)	(2)		(3)
The first £12,200	32 per cent.		the standard rate
The next £6,200	48 per cent.	}	the higher rates
The remainder	56 per cent.	}	the higher rates

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Finance Act, 1989 Permanent Page URL

Finance Act, 1989

Permanent Page URL