(1) Income tax is charged at the basic rate on the income of persons other than individuals.

(2) This section is subject to—

...¹

section 14 (income charged at the dividend ordinary rate: other persons),

Chapters 3 to 6 of Part 9 (which provide for some income of trustees to be charged at the dividend trust rate or at the trust rate), and

any other provisions of the Income Tax Acts which provide for income of persons other than individuals to be charged at different rates of income tax in some circumstances.