Related Commentary  Related HMRC Manuals

History

In the heading, the words “default basic rate: non-individuals” substituted for “basic rate: other persons” by FA 2016, s. 6(8)(a) to come into force on 30 November 2016 (as the day appointed by the Treasury under SCA 2016, s. 13(14)) and with effect for the tax year 2017–18 (as the first tax year appointed by the Treasury under SCA 2016, s. 13(15) (SI 2016/1161, reg. 3)) and for subsequent tax years (subject to any provision made by virtue of FA 2016, s. 6(25)(b)).


11(1)  Income tax is charged at the default basic rate on the income of persons other than individuals.

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