{
  "url": "https://openlegislation.uk/income-tax-indexation-order-2003/article-2",
  "json_url": "https://openlegislation.uk/income-tax-indexation-order-2003/article-2.json",
  "legislation": "uksi/2003/840",
  "legislation_title": "The Income Tax (Indexation) Order 2003",
  "legislation_url": "https://openlegislation.uk/income-tax-indexation-order-2003",
  "path": "article/2",
  "kind": "article",
  "number": "2",
  "heading": null,
  "text": "Unless Parliament determines otherwise, the amount treated as specified by virtue of section 1(4) of the Income and Corporation Taxes Act 1988 for the year 2003-04 –\n(a) in section 1(2)(aa) of the Act (starting rate limit of charge to income tax) is £1,960;\n(b) in section 1(2)(b) of the Act (basic rate limit of charge to income tax) is £30,500.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Section 1(4) was amended by section 107 of the Finance Act 1993 (c. 34), section 9 of the Finance Act 1992 (c. 20), and section 22 (4), (5), and (12) of the Finance Act 1999 (c. 16)."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "Section 1(2)(aa) was amended by section 22(1) and (12) of the Finance Act 1999 (c. 16)."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "Section 1(2)(b) was amended by section 24(2) of the Finance Act 1988 (c. 39)."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2003/840/article/2",
    "retrieved_at": "2026-10-29T06:27:28.191593+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}