# The Income Tax (Indexation) Order 2013, Note: Explanatory note


(This note is not part of the Order)
For the tax year 2014-15 this Order replaces certain amounts specified in the Income Tax Act 2007 (c. 3) with increased amounts. In accordance with the method provided by sections 21 and 57 of that Act, the increases are calculated by reference to the increase in the retail prices index. Where the retail prices index for the September before the start of the tax year is higher than it was for the previous September, an order must be made replacing those amounts. The retail prices index has increased and this Order sets out the new rate limits and allowances for the tax year 2014-15.
Increases made pursuant to section 21 are to the basic rate limit and the starting rate limit for savings. Increases made pursuant to section 57 are to the personal allowance for those born after 5 April 1948, blind person’s allowance, married couple’s allowance, the minimum amount of the married couple’s allowance and the income limit for certain of the personal allowances and the married couple’s allowance.
The basic rate limit and the personal allowance for those born after 5 April 1948 were last amended by the Finance Act 2013 (c. 29). The other amounts were last increased by the Income Tax (Indexation) Order 2012 (S.I. 2012/3047).
A Tax Information and Impact Note has not been prepared for this instrument as it gives effect to previously announced policy and relates to a predetermined indexation formula.

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Source: https://www.legislation.gov.uk/uksi/2013/3088/note (the official version)
Page: https://openlegislation.uk/income-tax-indexation-order-2013/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.