Article 2

(1)

The amounts which, unless Parliament otherwise determines, will be treated by virtue of sections 1(4)^f1 and 257C(1) of the Income and Corporation Taxes Act 1988 as specified for the year 1993—94 in sections 1(2)^f2, 257 and 257A^f3 of that Act are set out in paragraphs (2), (3) and (4).

(2)

In subsection (2) of section 1 of the said Act (the charge to income tax)—

(a)

in paragraph (aa) (lower rate limit)—£2,100;

(b)

in paragraph (b) (basic rate limit)—£24,400.

(3)

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

(a)

in subsection (1) (personal allowance)—£3,535;

(b)

in subsection (2) (personal allowance—age 65 to 74)—£4,310;

(c)

in subsection (3) (personal allowance—age 75 and over)—£4,490;

(d)

in subsection (5) (income limit for age-related allowances)—£14,600.

(4)

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

(a)

in subsection (1) (married couple’s allowance)—£1,770;

(b)

in subsection (2) (married couple’s allowance—age 65 to 74)—£2,535;

(c)

in subsection (3) (married couple’s allowance—age 75 and over)—£2,575;

(d)

in subsection (5) (income limit for age-related allowances)—£14,600.

Annotations

Footnotes

f1: Section 1(4) was amended by section 24(2) of the Finance Act 1988 and by section 9(6) of the Finance Act 1992.
f2: Section 1(2) was amended by section 24(2) of the Finance Act 1988 and by section 9(2) and (3) of the Finance Act 1992.
f3: Sections 257 and 257A as substituted by section 33 of the Finance Act 1988 were amended by section 33 of the Finance Act 1989 (c. 26).