Statutory Instruments
2000 No. 2996
INCOME TAX
The Income Tax (Indexation) (No. 2) Order 2000
Made
8th November 2000
The Treasury, in pursuance of section 257C(3) of the Income and Corporation Taxes Act 1988( 1 ), hereby make the following Order:
1. This Order may be cited as the Income Tax (Indexation) (No. 2) Order 2000.
2. —(1) The amounts which, unless Parliament otherwise determines, will be treated by virtue of section 257C(1) of the Income and Corporation Taxes Act 1988 as specified for the year 2001–02 in sections 257 and 257A( 2 ) of that Act are set out in paragraphs (2) and (3).
(2) In section 257 of the said Act (personal allowance)—
(a) in subsection (1) (personal allowance)—£4,535;
(b) in subsection (2) (personal allowance—age 65 to 74)—£5,990;
(c) in subsection (3) (personal allowance—age 75 and over)—£6,260;
(d) in subsection (5) (income limit for age-related allowances)—£17,600.
(3) In section 257A of the said Act (married couple’s allowance)—
(a) in subsection (2) (married couple’s allowance—age 66 to 74 and born before 6th April 1935)—£5,365;
(b) in subsection (3) (married couple’s allowance—age 75 and over)—£5,435;
(c) in subsection (5) (income limit for age-related allowances)—£17,600;
(d) in subsection (5A) (minimum married couple’s allowance)—£2,070.
Bob Ainsworth
Jim Dowd
Two of the Lords Commissioners of Her Majesty’s Treasury
8th November 2000
1988 c. 1 . Sections 257 to 257F were substituted for section 257 by section 33 of the Finance Act 1988 (c. 39) with effect for the year 1990–91 and subsequent years of assessment. Section 257C was amended by Part IV of Schedule 19 to the Finance Act 1990 (c. 29) , section 107(3) of, and Part III(10) of Schedule 23 to, the Finance Act 1993 (c. 34) , and section 25(3) of the Finance Act 1999 (c. 16) .
Sections 257 and 257A as substituted by section 33 of the Finance Act 1988 were amended by section 33 of the Finance Act 1989 (c. 26) . Section 257 was further amended by paragraph 13 of Schedule 20 and Part V(10) of Schedule 41 to the Finance Act 1996 (c. 8) ; and section 257A was further amended by section 77(2) of, and paragraph 1 of Schedule 8 to, the Finance Act 1994 (c. 9) and by paragraph 14 of Schedule 20 to the Finance Act 1996, and was amended and extended by section 31 of the Finance Act 1999.