Finance Act, 1975

Amendment of section 3 of Finance Act, 1974.

10.Section 3 of the Finance Act, 1974 , is hereby amended, in relation to tax for the year 1975-76 and any subsequent year of assessment, by the substitution for the Table in subsection (2) (c) of the following Table:


Part of excess over £4,350

Higher rate

The first £2,000

45 per cent.

The next £2,000

55 per cent.

The next £2,000

65 per cent.

The remainder

70 per cent.