Income Tax (Indexation) Order 1990

JurisdictionUK Non-devolved
CitationSI 1990/677
Year1990

1990 No. 677

INCOME TAX

The Income Tax (Indexation) Order 1990

Made 20th March 1990

The Treasury, in pursuance of sections 1(6) and 257C(3) of the Income and Corporation Taxes Act 19881, hereby make the following Order:

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

1. This Order may be cited as the Income Tax (Indexation) Order 1990.

S-2 The amounts which, unless Parliament otherwise determines, will...

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 1990—91 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)—£22,300.

(3) In section 257 of the said Act (personal allowance)—

(a)

(a) in subsection (1) (personal allowance)—£3,005;

(b)

(b) in subsection (2) (personal allowance—age 65 to 74)—£3,670;

(c)

(c) in subsection (3) (personal allowance—age 75 and over)—£3,820;

(d)

(d) in subsection (5) (income limit for age-related allowances)—£12,300.

(4) In section 257A of the said Act (married couple’s allowance)—

(a)

(a) in subsection (1) (married couple’s allowance)—£1,720;

(b)

(b) in subsection (2) (married couple’s allowance—age 65 to 74)—£2,145;

(c)

(c) in subsection (3) (married couple’s allowance—age 75 and over)—£2,185;

(d)

(d) in subsection (5) (income limit for age-related allowances)—£12,300.

Stephen Dorrell

Thomas Sackville

Two of the Lords Commissioners of Her Majesty’s Treasury

20th March 1990

(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 1990 specify the amounts which by virtue of those sections shall, unless Parliament otherwise determines, be treated as specified for the year 1990—91. These are the basic rate limit (section 1 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 1989—90 was specified in the Income Tax (Indexation) Order 1989 (S.I. 1989/467).

The personal reliefs for the years 1990—91 and subsequent years of assessment are the personal and married couple’s allowances in sections 257 and 257A of the Act as substituted by section 33 of the Finance Act 1988. The amounts of...

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