Tax Structure and Parameters

           
TA.2 - Rates of Income Tax: 1948-49 to 1972-73             
1948-50
1950-51
1951-52

Bands of
taxable income(1)
£
Rate of
tax
%
Bands of
taxable income(1)
£

Rate of
tax
%

Bands of
taxable income(1)
£
Rate of
tax
%
Reduced rate (2)
Up to 50
15
Up to 50
12.5
Up to 50
15
 
50-250
30
50-250
25
50-250
27.5
 
Basic rate
Over 250
45
Over 250
45
Over 250
47.5
1952-53
1953-55
1955-57
Bands of
taxable income(1)
£
Rate of
tax
%
Bands of
taxable income(1)
£
Rate of
tax
%
Bands of
taxable income(1)
£
Rate of
tax
%
Reduced rate (2)
Up to 100
15
Up to 100
12.5
Up to 60
11.25
 
100-250
27.5
100-250
25
60 to 210
23.75
 
250-400
37.5
250-400
35
210 to 360
33.75
 
Basic rate
Over 400
47.5
Over 400
45
Over 360
42.5
1957-59
1959-60
1960-61
Bands of
taxable income(1)
£
Rate of
tax
%
Bands of
taxable income(1)
£
Rate of
tax
%
Bands of
taxable income(1)
£
Rate of
tax
%
Reduced rate (2)
Up to 60
11.25
Up to 60
8.75
Up to 60
8.75
 
60 to 210
23.75
60 to 210
21.25
60 to 210
21.25
 
210 to 360
33.75
210 to 360
31.25
210 to 360
31.25
 
Basic rate
Over 360
42.50
Over 360
38.75
Over 360
38.75
1961-63
1963-65
1965-69
Bands of
taxable income(1)
£
Rate of
tax
%
Bands of
taxable income(1)
£
Rate of
tax
%
Bands of
taxable income(1)
£
Rate of
tax
%
Reduced rate (2)
Up to 60
8.75
Up to 100
20
Up to 100
20
 
60 to 210
21.25
100-200
30
100-200
30
 
210 to 360
31.25
 
Basic rate
Over 360
38.75
Over 200
38.75
Over 200
41.25
1969-70
1970-71
1971-72
Bands of
taxable income(1)
£
Rate of
tax
%
Bands of
taxable income(1)
£
Rate of
tax
%
Bands of
taxable income(1)
£
Rate of
tax
%
Reduced rate (2)
Up to 260
30
 
Basic rate
Over 260
41.25
41.25
38.75
1972-73
        
       
Bands of
taxable income(1)
£
Rate of
tax
%
  
       
Basic rate
   38.75        

Footnotes

  1. Taxable income is defined as gross income for income tax purposes less any allowances and reliefs available at the taxpayer's marginal rate.
 
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