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United Kingdom legislation From Wikipedia, the free encyclopedia
The Income Tax Act 1842[1] (5 & 6 Vict. c. 35) was an Act of the Parliament of the United Kingdom, passed under the government of Robert Peel, which re-introduced an income tax in Britain, at the rate of 7 pence (2.9%, there then being 240 pence in the pound) in the pound on all annual incomes greater than £150. It was the first imposition of income tax in Britain outside of wartime. Although promoted as a temporary measure, income tax has been levied continually in Britain ever since. In its detail, the Act of 1842 was substantially similar to the Income Tax Act 1803 introduced by Henry Addington during the Napoleonic Wars.
 | This article needs additional citations for verification. (September 2017) |
| Act of Parliament | |
 | |
| Long title | An Act for granting to Her Majesty Duties on Profits arising from Property, Professions, Trades and Offices, until the Sixth Day of April, One thousand eight hundred and forty-five. |
|---|---|
| Citation | 5 & 6 Vict. c. 35 |
| Dates | |
| Royal assent | 22 June 1842 |
| Other legislation | |
| Amended by | Statute Law Revision Act 1874 (No. 2) |
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