HC Deb 25 March 1991 vol 188 c716

Resolved, That—

  1. (1) Income tax shall be charged for the year 1991–92, and—
    1. (a) the basic rate shall be 25 per cent.,
    2. (b) the basic rate limit shall be £23,700, and
    3. (c) the higher rate shall be 40 per cent.
  2. (2) In accordance with paragraph (1)(b) above, section 1(4) of the Income and Corporation Taxes Act 1988 shall not apply for the year 1991–92.
  3. (3) This Resolution shall not require any change to he made in the amounts deductible or repayable under section 203 of the Income and Corporation Taxes act 1988 before 18th May 1991.
And it is hereby 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.