(1)Sections 257 to 257F and 265 of the M1Taxes Act 1988,as inserted for the year 1990-91 and subsequent years by the Finance Act 1988,shall be amended as follows.
(2)In section 257(1) for “£2,605” there shall be substituted “£2,785”.
(3)In section 257(2) for “£3,180” there shall be substituted “£3,400”.
(4)In section 257(3)—
F1(a). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(b)for “£3,310” there shall be substituted “£3,540”.
(5)In section 257(5)—
(a)for “£10,600” there shall be substituted “£11,400”,and
F2(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
[F3(6)In section 257A(1) for “£1,490” there shall be substituted “£1,590”.]
(7)In section 257A(2) for “£1,855” there shall be substituted “£1,985”.
(8)In section 257A(3)—
F4(a). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(b)for “£1,895” there shall be substituted “£2,025”.
(9)In section 257A(5)—
(a)for “£10,600” there shall be substituted “£11,400”,and
F5(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(10)In sections F6. . . [F7257D(8) and] 265(3) after paragraph (b) there shall be inserted “or
(c)on account of any payments to which section 593(2) or 639(3) applies,”.
[F8(11)In section 257E(1)(b) for “80” there shall be substituted “75”.
F8(12)In section 257E(2)(a) for “£3,180” there shall be substituted “£3,400”.
F8(13)In section 257E(2)(b) for “£3,310” there shall be substituted “£3,540”.]
Textual Amendments
F1S. 33(4)(a) omitted (with effect in accordance with Sch. 1 para. 7 of the amending Act) by virtue of Finance Act 2009 (c. 10), Sch. 1 para. 6(c)
F2S. 33(5)(b) omitted (with effect in accordance with Sch. 1 para. 7 of the amending Act) by virtue of Finance Act 2009 (c. 10), Sch. 1 para. 6(c)
F3S. 33(6) repealed (27.7.1999 with effect for the year 2000-2001 and subsequent years of assessment) by 1999 c. 16, s. 139, Sch. 20 Pt. III(3), note 2
F4S. 33(8)(a) omitted (with effect in accordance with Sch. 1 para. 7 of the amending Act) by virtue of Finance Act 2009 (c. 10), Sch. 1 para. 6(c)
F5S. 33(9)(b) omitted (with effect in accordance with Sch. 1 para. 7 of the amending Act) by virtue of Finance Act 2009 (c. 10), Sch. 1 para. 6(c)
F6Words in s. 33(10) repealed (16.7.1992) by virtue of Finance (No. 2) Act 1992 (c. 48), ss. 20, 82, Sch. 5 para. 10, Sch. 18 Pt. VII(1)
F7Words in s. 33(10) repealed (27.7.1999 with effect for the year 2000-2001 and subsequent years of assessment) by virtue of 1999 c. 16, s. 139, Sch. 20 Pt. III(3), note 2
F8S. 33(11)-(13) repealed (27.7.1999 with effect for the year 2000-2001 and subsequent years of assessment) by 1999 c. 16, s. 139, Sch. 20 Pt. III(3), note 2
Modifications etc. (not altering text)
C1 See Income and Corporation Taxes Act 1988 (c. 1,SIF 63:1), s. 257for 1989–1990and see Income andCorpartion Taxes Act 1988 (c. 1, SIF 63:1), 257–257Ffor1990–1991
Marginal Citations