Article 2

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 2004-05—

(a)

in section 1(2)(aa)^f1 of the Act (starting rate limit of charge to income tax) is £2,020;

(b)

in section 1(2)(b)^f2 of the Act (basic rate limit of charge to income tax) is £31,400.

Annotations

Footnotes

f1: Section 1(2)(aa) was amended by section 22(1) and (12) of the Finance Act 1999 (c. 16).
f2: Section 1(2)(b) was amended by section 24(2) of the Finance Act 1988 (c. 39).