Motion made, and Question,
(1) Income tax for the year 1984–85 shall be charged at the basic rate of 30 per cent., and—
|Part of excess over £15,400||Higher rate|
|The first £2,800||40 per cent.|
|The next £4,900||45 per cent.|
|The next £7,500||50 per cent.|
|The next £7,500||55 per cent.|
|The remainder||60 per cent.|
§ (2) This Resolution shall not require any change to be made in the amounts deductible or repayable under section 204 of the Income and Corporation Taxes Act 1970 (pay as you earn) before 11th May 1984.
§ And it is here by declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of the Provisional Collection of Taxes Act 1968.—[Mr. Lawson.]
§ put forthwith pursuant to Standing Order No. 114 (Ways and Means motions), and agreed to.