2008 No. 709

Income Tax

The Income Tax (Indexation) (No. 2) Order 2008

Made

12th March 2008

The Treasury make the following Order in compliance with the duty imposed upon them by section 21(5) of the Income Tax Act 2007( 1 ).

Citation

1. This Order may be cited as the Income Tax (Indexation) Order 2008.

Indexation of rate limits for tax year 2008-09

2. The amounts specified in subsections (1) and (2) of section 20 of the Income Tax Act 2007 (the starting rate limit and the basic rate limit) are replaced for the tax year 2008-09 as follows—

(a) the starting rate limit is £2,320; and

(b) the basic rate limit is £36,000.

Alan Campbell

Dave Watts

Two of the Lords Commissioners of Her Majesty’s Treasury

12th March 2008

( 1 )

2007 c. 3 .

1. Citation

2. Indexation of rate limits for tax year 2008-09

Status: This is the original version (as it was originally made).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) (No. 2) Order 2008 (2008/709)

Displaying information

Hover over an italicised word to see the definition.
Click on an italicised word to scroll to the definition.
Hover over a superscript footnote to see its content.
Hover over a reference to legislation for a link to that instrument.
Hover over a subscript commencement note to see commencement information for provisions with particular commencement complexity e.g. where there has been commencement by geography or for specified purposes.
Commencement information is also set out in the section below under the 'Commencement' tab (in addition to any commencement provisions in the instrument itself).

Status of this instrument

The status of this instrument is provided at the top. For upcoming changes (and any changes not yet applied) refer to the 'Future Changes' tab below.

footnote	commentary	transitional and savings	in force status	related provisions	geo extent	insert/omit	source count	in force adj

Defined Term	Section/Article	ID	Scope of Application

Status of changes to instrument text

The list includes made instruments, both those in force and those yet to come into force. Typically, instruments that are not yet in force (hence their changes are not incorporated into the text above) are indicated by description 'not yet' in the changes made column.