HC Deb 23 April 1940 vol 360 c105
105
§
CHARGE OF TAX.
§
Resolved,
That—
- (a) Income Tax for the year 1940–41 shall be charged at the standard rate of seven shillings and sixpence in the pound, and, in the case of an individual whose total income exceeds one thousand five hundred pounds, at such higher rates in respect of the excess over one thousand five hundred pounds as Parliament may hereafter deter mine;
- (b) all such enactments as had effect with respect to the Income Tax charged for the year 1939–40, other than such enactments contained in the Finance (No. 2) Act, 1939, as by their terms relate only to tax for the year 1939–40, shall, subject to the provisions of such of the enactments contained in the said Act as by their terms relate only to the year 1940–41 and subsequent years, have effect with respect to the Income Tax charged for the year 1940–41.
And it is hereby 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.