HC Deb 02 May 1928 vol 216 cc1743-4

11. "That—

(a) Income Tax for the year 1928–29 shall be charged at the standard rate of four shillings in the pound, and in the case of an individual whose total income from all sources exceeds two thousand pounds, at the following rates in respect of the excess over two thousand pounds:

For every pound of the first five hundred pounds of the excess. Four shillings and niuepence.
For every pound of the next five hundred pounds of the excess. Five shillings.
For every pound of the nest one thousand pounds of the excess. Five shillings and sixpence.
For every pound of the next one thousand pounds of the excess. Six shillings and threepence.
For every pound of the next one thousand pounds of the excess. Seven shillings.
For every pound of the next two thousand pounds of the excess. Seven shillings and sixpence.
For every pound of the next two thousand pounds of the excess. Eight shillings.
For every pound of the next five thousand pounds of the excess. Eight shillings and sixpence.
For every pound of the next five thousand pounds of the excess. Nine shillings.
For every pound of the next ten thousand pounds of the excess. Nine shillings and sixpence.
For every pound of the remainder of the excess. Ten shillings.

(b) The same Super-tax shall be charged for the year 1928–29 as was charged for the year 1927–28.

(c) All such enactments as had effect with respect to the Income Tax and Super-tax charged for the year 1927–28, shall, subject to the provisions of any enactments which were expressed to come into operation on the sixth day of April, nineteen hundred and twenty-eight, or to apply in relation to Income Tax or Supertax for the year beginning on that day, have effect with respect to the Income Tax and Super-tax charged for the year 1928–29.

(d) The annual value of any property which has been adopted for the purpose of Income Tax under Schedules A and B for the year 1927–28 shall be taken as the annual value of that property for the same purpose for the year 1928–29:

Provided that the foregoing provision relating to annual value shall not apply to lands, tenements, and hereditaments in the administrative county of London with respect to which the valuation list under the Valuation (Metropolis) Act, 1869, is by that Act made conclusive for the purposes of Income Tax.

And it is declared that it is expedient, in the public interest that this Resolution shall have statutory effect under the provisions of the Provisional Collection of Taxes Act, 1913."