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Income Tax (Super-Tax)

Volume 105: debated on Monday 22 April 1918

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Resolved,

17. That—
(a) the additional duty of Income Tax (called Super Tax) shall be charged, in respect of incomes which exceed £2,500, as follows:—
in respect of the first

£2,000 of the incomeNil.
in respect of the excess over £2,000—
for every pound of the first £500 of the excessone shilling.
for every pound of the nest £500 of the excessone shilling and sixpence.
for every pound the next £1,000 of the excesstwo shillings.
for every pound of the next £1,000 of the excesstwo shillings and sixpence.
for every pound of the next £1,000 of the excessthree shillings.
for every pound of the next £2,000 of the excessthree shillings and sixpence.

for every pound of the next £2,000 of the excessfour shillings
for every pound of the remainder of the excessfour shillings, and sixpence.

and

(b) the like provisions shall have effect with respect to the Super Tax as so charged as had effect with respect to the Super Tax charged for the year beginning the sixth day of April nineteen hundred and seventeen; and
(c) it is declared that it is expedient in the public interest that this Resolution shall have statutory effect under the provision of the Provisional Collection of Taxes Act, 1913.