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Income Tax (Earnings and Pensions) Act 2003

Section 716: Alteration of amounts by Treasury order

2914.This section provides that sums of money in certain specified sections may be increased or further increased by an order from the Treasury.

2915.Subsection (1) introduces the right to increase or further increase the sums of money mentioned in the sections in subsection (2) by Treasury order. It derives from sections 191A, 200A(6), 828(1) and paragraph 24(10) of Schedule 11A to ICTA.

2916.Subsection (2) sets out the sections that are subject to such an order. It derives from sections 191A, 200A(6), 828(1) and paragraph 24(10) of Schedule 11A to ICTA. There is also some new material. See Changes 29, 56, 59, 78, 79 and 96 in Annex 1.

2917.Subsection (3) sets out further implications where an order is made in respect of section 241(3)(a) or (b). It derives from section 200A(6) of ICTA.

2918.Subsection (4) sets out further implications where an order is made in respect of section 287(1). It derives from paragraphs 24(1) and (10) of Schedule 11A to ICTA.

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