HC Deb 23 July 1940 vol 363 c664

Resolved, That—

  1. (a) the standard rate of Income Tax for the year 1940–41 shall be increased from seven shillings and sixpence to eight shillings and six pence in the pound;
  2. (b) in connection with the said increase, special provision shall be made in relation to income chargeable under Schedule C, under Rule 6 or Rule 7 of the Miscellaneous Rules applicable to Schedule D, or under Rule 21 of the General Rules, and amendments shall be made in Section two hundred and eleven of the Income Tax Act, 1918 (as amended by subsequent enactments);
  3. (c) such other amendments shall be made in the Income Tax Acts as are consequential on the said increase."