As of 6 April 1997 this text has been repealed. Section 2 of the Finance Act 1991 is amended, as respects the year of assessment 1997–98 and subsequent years of assessment, by the substitution of a new Table for the Table to that section.

The substituted Table sets the tax rates and thresholds in two Parts: in both Parts the standard rate is 26 per cent and the higher rate 48 per cent. Part I applies 26 per cent to the first £9,900 of taxable income and 48 per cent to the remainder; Part II applies 26 per cent to the first £19,800 of taxable income and 48 per cent to the remainder.