Section 2 Personal allowance for those aged under 65

United Kingdom

(1)

For the tax year 2008-09 the amount specified in—

(a)

section 35 of ITA 2007, F1...

(b)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(personal allowance for those aged under 65) is replaced with “ £6,035 ”.

(2)

Accordingly—

(a)

section 57 of ITA 2007, so far as relating to the amount specified in section 35 of that Act, F2...

(b)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(indexation) do not apply for the tax year 2008-09.

(3)

This section does not require a change to be made in the amounts deductible or repayable under PAYE regulations before 7 September 2008.

Annotations

F1: S. 2(1)(b) and word omitted (with effect in accordance with Sch. 1 para. 7 of the amending Act) by virtue of Finance Act 2009 (c. 10), Sch. 1 para. 6(p)(i)
F2: S. 2(2)(b) and word omitted (with effect in accordance with Sch. 1 para. 7 of the amending Act) by virtue of Finance Act 2009 (c. 10), Sch. 1 para. 6(p)(i)