6 Structure of income tax rates
Finance Act 2016 (2016 c 24) | Legislation

6  Structure of income tax rates

(1)     ITA 2007 is amended in accordance with subsections (2) to (22).

(2)     Before section 10 insert—

“9A Overview of sections 10 to 15

The general effect of sections 10 to 15 is outlined in the following table—

Type of taxpayerRates payable on savings incomeRates payable on most dividend incomeRates payable on other income
UK resident individual who is neither a Scottish taxpayer nor a Welsh taxpayerSavings ratesDividend ratesMain rates
Scottish taxpayerSavings ratesDividend ratesScottish rates
Welsh taxpayer Savings ratesDividend ratesMain rates while section 11B is not in force; Welsh rates if that section is in force
Non-UK resident individualSavings ratesDividend ratesDefault rates
Non-individual, except that some trustees in some circumstances are subject instead to the trust rate or the dividend trust rateDefault basic rateDividend ordinary rateDefault basic rate

Note: the table does not address the effect of some exceptions referred to in sections 10 to 15.”

(3)     Before section 7 insert—

“6C The default basic, higher and additional rates

The default basic rate, default

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