I move:—
(1) That income-tax shall be charged for the year ending on the 6th day of April, 1948, at the rate of seven shillings in the pound.
(2) That surtax for the year beginning on the 6th day of April, 1948, shall be charged in respect of the income of any individual the total of which from all sources exceeds one thousand five hundred 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, 1947.
(3) That the several statutory and other provisions which were in force on the 5th day of April, 1948, in relation to income-tax and surtax shall have effect in relation to the income-tax and surtax to be charged as aforesaid for the year beginning on the 6th day of April, 1948.
(4) It is hereby declared that it is expedient in the public interest that this Resolution shall have statutory effect under the provisions of the Provisional Collection of Taxes Act, 1927 (No. 7 of 1927).
This Resolution deals with income-tax and surtax. The standard rate of income-tax for the year is 7/-. Anything else in this Resolution is continuing the old rates. The other sections contain the provisions necessary to allow the tax to be collected.
