Part 1Charges, rates, allowances, etc
Income tax
6Additional rate, dividend additional rate, trust rates and pension tax rates
1
Section 6 of ITA 2007 (rates of income tax) is amended as follows.
2
In subsection (1), omit the “and” at the end of paragraph (b) and insert at the end
, and
d
the additional rate.
3
In subsection (3)(b), for “and dividend upper rate” substitute “, dividend upper rate and dividend additional rate”.
4
In section 9 (trust rate and dividend trust rate)—
a
in subsection (1), for “40%” substitute “50%”, and
b
in subsection (2), for “32.5%” substitute “42.5%”.
5
Schedule 2 contains provision supplementing this section (including provision about rates under Part 4 of FA 2004).
6
The amendments made by this section have effect for the tax year 2010-11 and subsequent tax years.