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Statutory Instruments

2007 No. 943

Income tax

The Income Tax (Indexation) Order 2007

Made

21st March 2007

The Treasury make the following Order in compliance with the duty imposed upon them by section 1(6) of the Income and Corporation Taxes Act 1988( 1 ).

Citation

1. This Order may be cited as the Income Tax (Indexation) Order 2007.

Amounts specified for rate limits for 2007-08

2. Unless Parliament determines otherwise, for the year 2007-08, 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) of that Act (starting rate limit of charge to income tax), £2,230; and

(b) in section 1(2)(b) of that Act (basic rate limit of charge to income tax), £34,600.

Frank Roy

Alan Campbell

Two of the Lords Commissioners of Her Majesty’s Treasury

21st March 2007

( 1 )

1988 c. 1 : section 1(6) was amended by section 9(7) of the Finance Act 1992 (c. 20) .

Status: This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
The Income Tax (Indexation) Order 2007 (2007/943)

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