457. Rates of income tax in general.

The main rates at which income tax is charged are the basic rate, the higher rate and the additional rate. The rates are determined by Parliament for each tax year1. Provision is also made for a starting rate and nil rate for savings2, a dividend ordinary rate, a dividend upper rate and a dividend additional rate3.

Income tax on an individual's income up to the basic rate limit4 is charged at the basic rate, at the higher rate above the basic rate limit and up to the higher rate limit