Title and introductory text
2014 No. 3273
Income Tax
The Income Tax (Indexation) Order 2014
Made
10th December 2014
The Treasury, in exercise of the powers conferred by section 57(6) of the Income Tax Act 2007, make the following Order:
Propose a change1 Citation and interpretation
(1) This Order may be cited as the Income Tax (Indexation) Order 2014.
(2) In this Order references to sections are references to sections of the Income Tax Act 2007.
Propose a change2 Indexation of allowances for the tax year 2015-16
For the tax year 2015-16—
(a) the amount specified in section 38(1) (blind person’s allowance) is replaced with “£2,260”;
(b) the amount specified in section 43 (tax reductions for married couples and civil partners: the minimum amount) is replaced with “£3,180”;
(c) the amount specified in section 45(3)(a) (married couple’s allowance: marriages before 5th December 2005) is replaced with “£8,275”;
(d) the amount specified in section 46(3)(a) (married couple’s allowance: marriages and civil partnerships on or after 5th December 2005) is replaced with “£8,275”;
(e) the amounts specified in sections 37(2), 45(4) and 46(4) (adjusted net income limit) is replaced with “£27,400”.
Propose a change