Statutory Instruments
2005 No. 716
INCOME TAX
The Income Tax (Indexation) Order 2005
Made
16th March 2005
The Treasury, in exercise of the powers conferred upon them by section 1(6) of the Income and Corporation Act 1988( 1 ) make the following Order:
Citation
1. This Order may be cited as the Income Tax (Indexation) Order 2005.
Amounts specified for rate limits for 2005/06
2. Unless Parliament determines otherwise, for the year 2005/06, the amount treated as specified by virtue of section 1(4) of the Income and Corporation Taxes Act 1988 shall be—
(a) in section 1(2)(aa)( 2 ) of the Act (starting rate limit of charge to income tax), £2,090;
(b) in section 1(2)(b)( 3 ) of the Act (basic rate limit of charge to income tax), £32,400.
Jim Murphy
Nick Ainger
Two of the Lords Commissioners of Her Majesty’s Treasury
16th March 2005
1988 c. 1 . Section 1(6) was amended by section 9(7) 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) .