Income Tax (Indexation) Order 1991
| Jurisdiction | UK Non-devolved |
| Citation | SI 1991/732 |
1991 No. 732
INCOME TAX
The Income Tax (Indexation) Order 1991
Made 19th March 1991
The Treasury, in pursuance of sections 1(6) and 257C(3) of the Income and Corporation Taxes Act 19881, hereby make the following Order:
1. This Order may be cited as the Income Tax (Indexation) Order 1991.
2.—(1) The amounts which, unless Parliament otherwise determines, will be treated by virtue of sections 1(4) and 257C(1) of the Income and Corporation Taxes Act 1988 as specified for the year 1991-92 in sections 1(2)2, 257 and 257A3of that Act are set out in paragraphs (2), (3) and (4).
(2) In section 1(2) of the said Act (basic rate limit)—£22,700.
(3) In section 257 of the said Act (personal allowance)—
(a)
(a) in subsection (1) (personal allowance)—£3,295;
(b)
(b) in subsection (2) (personal allowance—age 65 to 74)—£4,020;
(c)
(c) in subsection (3) (personal allowance—age 75 and over)—£4,180;
(d)
(d) in subsection (5) (income limit for age—related allowances)—£13,500;
(4) In section 257A of the said Act (married couple’s allowance)—
(a)
(a) in subsection (1) (married couple’s allowance)—£1,890;
(b)
(b) in subsection (2) (married couple’s allowance—age 65 to 74)—£2,355;
(c)
(c) in subsection (3) (married couple’s allowance—age 75 and over)—£2,395;
(d)
(d) in subsection (5) (Income limit for age—related allowances)—£13,500.
Gregory Knight
Nicholas Baker
Two of the Lords Commissioners of Her Majesty’s Treasury
19th March 1991
(This note is not part of the Order)
Sections 1(6) and 257C(3) of the Income and Corporation Taxes Act 1988 (“the Act”) provide that the Treasury shall by order made by statutory instrument before 6th April 1991 specify the amounts which by virtue of those sections shall, unless Parliament otherwise determines, be treated as specified for the year 1991-92. These are the basic rate limit (section I of the Act) and the personal and married couple’s allowances (sections 257 and 257A of the Act respectively).
The amount of the basic rate limit in section 1 for the year 1990-91 was fixed by section 17(1) of the Finance Act 1990 (c. 29).
The amounts of personal and married couple’s allowances in sections 257 and 257A of the Act (as substituted by section 33 of the Finance Act 1988) were specified in the Income Tax (Indexation) Order 1990 ( S.1. 1990/677).
Those amounts are increased...
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