Finance Act, 1960

PART I.

Income Tax.

Income tax and sur-tax for the year 1960-61.

1.—(1) Income tax shall be charged for the year beginning on the 6th day of April, 1960, at the rate of seven shillings in the pound.

(2) Sur-tax for the year beginning on the 6th day of April, 1960, shall be charged in respect of the income of any individual the total of which from all sources exceeds two thousand pounds and shall be so charged at the same rates as those at which it is charged for the year beginning on the 6th day of April, 1959.

(3) Subject to the provisions of the Finance (No. 2) Act, 1959 , and of this Act, the several statutory and other provisions which were in force on the 5th day of April, 1960, in relation to income tax and sur-tax and any such provisions which came into operation on the 6th day of April, 1960, in relation thereto, other than such provisions as by their terms relate only to income tax and sur-tax to be charged for the year beginning on the 6th day of April, 1959, shall have effect in relation to the income tax and sur-tax to be charged as aforesaid for the year beginning on the 6th day of April, 1960.