{
  "url": "https://openlegislation.uk/income-tax-indexation-order-2007/note",
  "json_url": "https://openlegislation.uk/income-tax-indexation-order-2007/note.json",
  "legislation": "uksi/2007/943",
  "legislation_title": "The Income Tax (Indexation) Order 2007",
  "legislation_url": "https://openlegislation.uk/income-tax-indexation-order-2007",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Order)\nSection 1(6) of the Income Tax and Corporation Taxes Act 1988 (“the Act”) provides that the Treasury shall by order made by statutory instrument before each year of assessment specify the amounts which by virtue of that section shall, unless Parliament otherwise determines, be treated as specified for the purposes of section 1(2)(aa) (starting rate limit of charge to income tax), and section 1(2)(b) (basic rate limit of charge to income tax) of the Act for the year of assessment 2006-07.\nThese amounts were specified for the year 2006-07 by the Income Tax (Indexation) Order 2006 (S.I. 2006/872).\nThe amounts in sections 1(2)(aa) and (b) of the Act are increased by this Order in accordance with the percentage increase in the retail prices index for September 2006 over that for September 2005. The amount in section 1(2)(aa) is rounded up to the nearest £10 in accordance with section 1(4)(a) and the amount in section 1(2)(b) is rounded up to the nearest £100 in accordance with section 1(4)(b). The “retail prices index” is defined in section 833(2) of the Act, as amended by paragraph 22 of Schedule 2 to the Transfer of Functions (Registration and Statistics) Order 1996 (S.I. 1996/273), as the “general index of retail prices (for all items) published by the Office for National Statistics”. The retail prices index for September 2005 is 193.1 and for September 2006 is 200.1 (based on January 1987 as 100). The retail prices index for September 2006 was published in the November 2006 edition of Economic Trends, number 636, page 90, Table 3.1.\nThis Order does not impose any costs on business.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2007/943/note",
    "retrieved_at": "2026-10-29T03:56:49.384181+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."
}