Section 10 Income charged at the … basic and higher rates: individuals
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Amendments
Heading word “starting,” omitted by Finance Act 2008 section 5 and Schedule 1 para 3(6) for 2008-09 and later tax years.
(1) ...
Amendments
Subs (1) omitted by Finance Act 2008 section 5 and Schedule 1 para 3(2) for 2008-09 and later tax years.
(2) Income tax on an individual’s income up to the basic rate limit is charged at the basic rate (except to the extent that, in accordance with section 12, it is charged at the starting rate for savings).
Amendments
Subs (2) substituted by Finance Act 2008 section 5 and Schedule 1 para 3(3) for 2008-09 and later tax years.
(3) Income tax is charged at the higher rate on an individual’s income above the basic rate limit.
(4) This section is subject to—
...1
section 13 (income charged at the dividend ordinary and dividend upper rates: individuals), and
any other provisions of the Income Tax Acts which provide for income of an individual to be charged at different rates of income tax in some circumstances.
Amendments
1 Entry relating to section 12 omitted by Finance Act 2008 section 5 and Schedule 1 para 3(4) for 2008-09 and later tax years.
(5) The basic rate limit is [£37,400]1.
Amendments
Subs (5) substituted by Finance Act 2008 section 4(1) for 2008-09 and later tax years.
1 Substituted by Finance Act 2009 section 2 for the tax year 2009-10 (this overrides the substitution made by S.I. 2008/3023). Previously “£34,800” for 2008-09.
(6) The basic rate limit is increased in some circumstances: see—
(a) section 414(2) (gift aid relief), and
(b) section 192(4) of FA 2004 (relief for pension contributions).
Amendments
Subs (6) inserted by Finance Act 2008 section 5 and Schedule 1 para 3(5) for 2008-09 and later tax years.
(7) See section 21 for indexation of the basic rate limit.
Amendments
Subs (7) inserted by Finance Act 2008 section 5 and Schedule 1 para 3(5) for 2008-09 and later tax years.
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