Editing Surtax (section)

==United Kingdom==
In 1929, the supertax (which had been introduced in the [[People's Budget|Finance Act 1909]] at the rate of 6 [[History of the British penny (1901-1970)|old pence]] in the [[pound sterling|pound]] (2.5%) on incomes over £5,000 per year) was renamed to surtax. By 1934, the rate was variable from 1 [[shilling]] to 7 shillings and sixpence in the pound (5% to 37.5%). It was replaced by [[Income tax in the United Kingdom|income tax]] in 1973.

{| class="wikitable"
|+ Historical list of top rates<ref>{{cite web|url=http://www.hmrc.gov.uk/history/taxhis6.htm |archive-url=http://webarchive.nationalarchives.gov.uk/20130605212626/http://www.hmrc.gov.uk/history/taxhis6.htm |url-status=dead |archive-date=2013-06-05 |title=[ARCHIVED CONTENT&#93; HM Revenue & Customs: Taxation: World War II and PAYE |publisher=The National Archives |date= |access-date=2014-01-25}}</ref>
|-
! Year
! Income tax
! Surtax
! Total
|-
| 1939–40
| 29%
| 41%
| 70%
|-
| 1944–45
| 50%
| 48%
| 98%
|}