Statutory Instruments
2004 No. 772
INCOME TAX
The Income Tax (Indexation) Order 2004
Made
17th March 2004
The Treasury, in exercise of the powers conferred upon them by section 1(6) 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) Order 2004.
2. Unless Parliament determines otherwise, the amount treated as specified by virtue of section 1(4) of the Income and Corporation Taxes Act 1988 for the year 2004-05—
(a) in section 1(2)(aa)( 2 ) of the Act (starting rate limit of charge to income tax) is £2,020;
(b) in section 1(2)(b)( 3 ) of the Act (basic rate limit of charge to income tax) is £31,400.
John Heppell
Nick Ainger
Two of the Lords Commissioners of Her Majesty’s Treasury
17th March 2004
1988 c. 1 . Section 1(6) was amended by section 9(7) and (10) of the Finance Act 1992 (c. 20) .
Section 1(2)(aa) was amended by section 22(1) and (12) of the Finance Act 1999 (c. 16) .
Section 1(2)(b) was amended by section 24(2) of the Finance Act 1988 (c. 39) .