s 4 Default and savings rates of income tax for tax year 2018-19
(1) For the tax year 2018-19 the default rates of income tax are as follows— (a) the default basic rate is 20%; (b) the default higher rate is 40%; (c) the default additional rate is 45%. (2) For the tax year 2018-19 the savings rates of income tax are as follows— (a) the savings basic rate is 20%; (b) the savings higher rate is 40%; (c) the savings additional rate is 45%.