Finance Act, 1997

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Alteration of rates of income tax.

2.— Section 2 of the Finance Act, 1991 , is hereby amended, as respects the year of assessment 1997-98 and subsequent years of assessment, by the substitution of the following Table for the Table to that section:

TABLE

PART I

Part of taxable income	Rate of tax	Description of rate
(1)	(2)	(3)
The first £9,900	26 per cent.	the standard rate
The remainder	48 per cent.	the higher rate

PART II

Part of taxable income	Rate of tax	Description of rate
(1)	(2)	(3)
The first £19,800	26 per cent.	the standard rate
The remainder	48 per cent.	the higher rate

Finance Act, 1997 Permanent Page URL

Finance Act, 1997

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