Introduction Background Note
5.Income tax is an annual tax re-imposed each year by Parliament (even if the proposed rates are the same as for the previous year). The table below sets out the main rates and income bands for 2008-09 and the proposed main rates and income bands for 2009-10:
The basic rate limit of £37,400 as identified in the table above is set for 2009-10 by section 2 of this Act.