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.