2017 No. 1184
The Income Tax (Indexation) Order 2017
Made
The Treasury, in exercise of the powers conferred by sections 21(5) and 57(6) of the Income Tax Act 20071, make the following Order:
Citation and interpretation1
1
This Order may be cited as the Income Tax (Indexation) Order 2017.
2
In this Order, references to sections are references to sections of the Income Tax Act 2007.
Indexation of the basic rate limit for the tax year 2018-192
For the tax year 2018-19, the amount specified in section 10(5)2 (basic rate limit) is replaced with “£34,500”.
Indexation of allowances for the tax year 2018-193
For the tax year 2018-19—
a
the amount specified in section 35(1)3 (personal allowance) is replaced with “£11,850”;
b
the amount specified in section 38(1)4 (blind person’s allowance) is replaced with “£2,390”;
c
the amount specified in section 435 (tax reductions for married couples and civil partners: the minimum amount) is replaced with “£3,360”;
d
the amount specified in section 45(3)(a)6 (married couple’s allowance: marriages before 5 December 2005) is replaced with “£8,695”;
e
the amount specified in section 46(3)(a)7 (married couple’s allowance: marriages and civil partnerships on or after 5 December 2005) is replaced with “£8,695”;
f
the amount specified in sections 45(4) and 46(4)8 (married couple’s allowance: adjusted net income limit) is replaced with “£28,900”.
(This note is not part of the Order)