Part 1: Principal rates etc. Section 1: Income tax lock Background note
This tax lock has been introduced to meet the commitment made by the government that it will not increase the income tax rates for the duration of this Parliament.
	Income tax is imposed annually by Parliament. The table below sets out the main rates and rate limits for 2015-16.
Income tax bands of taxable income (£ per year)
Rate
Tax year 2015-16
Tax year 2016-17
Tax year 2017-18
Basic rate
£0 – 31,785
£0 – 32,000
£0 – 32,400
Higher rate
£31,786 – 150,000
£32,001 – 150,000
£32,401 – 150,000
Additional rate
Over £150,000
Over £150,000
Over £150,000