As of 6 April 1997 this text has repealed
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:
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"TABLE |
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part I |
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Part of taxable income (1) |
Rate of tax (2) |
Description of rate (3) |
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The first £9,900 … … … |
26 per cent. |
the standard rate |
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The remainder … … … |
48 per cent. |
the higher rate |
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part II |
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Part of taxable income (1) |
Rate of tax (2) |
Description of rate (3) |
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The first £19,800 … … … |
26 per cent. |
the standard rate |
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The remainder … … … |
48 per cent. |
the higher rate". |