1999 No. 597
The Income Tax (Indexation) Order 1999
Made
The Treasury, in pursuance of sections 1(6) and 257C(3) of the Income and Corporation Taxes Act 19881, hereby make the following Order:
1
This Order may be cited as the Income Tax (Indexation) Order 1999.
2
1
The amounts which, unless Parliament otherwise determines, will be treated by virtue of sections 1(4)2, 257C(1) and 265(1A) of the Income and Corporation Taxes Act 1988 as specified for the year 1999–00 in sections 1(2)3, 257(2), (3) and (5), 257A4 and 2655 of that Act are set out in paragraphs (2) to (5).
2
In section 1(2) of the said Act (the charge to income tax)—
a
in paragraph (aa) (lower rate limit)—£4,500;
b
in paragraph (b) (basic rate limit)—£28,000.
3
In section 257 of the said Act (personal allowance)—
a
in subsection (2) (personal allowance—age 65 to 74)—£5,590;
b
in subsection (3) (personal allowance—age 75 and over)—£5,780;
c
in subsection (5) (income limit for age-related allowances)—£16,800.
4
In section 257A of the said Act (married couple’s allowance)—
a
in subsection (1) (married couple’s allowance)—£1,970;
b
in subsection (2) (married couple’s allowance—age 65 to 74)—£5,125;
c
in subsection (3) (married couple’s allowance—age 75 and over)—£5,195;
d
in subsection (5) (income limit for age-related allowances)—£16,800.
5
In section 265(1) of the said Act (blind person’s allowance)—£1,380.
(This note is not part of the Order)