The Income Tax (Indexation) Order 2011

Indexation of allowances for the tax year 2012-13

3.  For the tax year 2012-13—

(a) the amount specified in section 35(1) (personal allowance for those aged under 65)(1) is replaced with “£7,895”;

(b) the amount specified in section 36(1) (personal allowance for those aged 65 to 74)(2) is replaced with “£10,500”;

(c) the amount specified in section 37(1) (personal allowance for those aged 75 and over)(3) is replaced with “£10,660”;

(d) the amount specified in section 38(1) (blind person’s allowance)(4) is replaced with “£2,100”;

(e) the amount specified in section 43 (tax reductions for married couples and civil partners: the minimum amount)(5) is replaced with “£2,960”;

(f) in section 45 (marriages before 5 December 2005: married couple’s allowance)—

(i) the amount specified in subsection (3)(a)(6) is replaced with “£7,705”;

(ii) the amount specified in subsection (3)(b)(7) is replaced with “£7,595”;

(g) in section 46 (marriages and civil partnerships on or after 5 December 2005: married couple’s allowance)—

(i) the amount specified in subsection (3)(a)(8) is replaced with “£7,705”;

(ii) the amount specified in subsection (3)(b)(9) is replaced with “£7,595”;

(h) the amount specified in each of sections 36(2), 37(2), 45(4), 46(4) (adjusted net income limit)(10) is replaced with “£25,400”.

(1)

Section 35 was amended by section 4(1) of FA 2009. The amount specified in section 35(1) was last substituted by section 3(1) of FA 2011.

(2)

Section 36 was amended by section 4(2) of FA 2009. The amount specified in section 36(1) was last substituted by article 4(b) of S.I. 2010/2879.

(3)

Section 37 was amended by section 4(2) of FA 2009. The amount specified in section 37(1) was last substituted by article 4(c) of S.I. 2010/2879.

(4)

The amount specified in section 38(1) was last substituted by article 4(d) of S.I. 2010/2879.

(5)

The amount specified in section 43 was last substituted by article 4(e) of S.I. 2010/2879.

(6)

The amount specified in section 45(3)(a) was last substituted by article 4(f)(i) of S.I. 2010/2879.

(7)

The amount specified in section 45(3)(b) was last substituted by article 4(f)(ii) of S.I. 2010/2879.

(8)

The amount specified in section 46(3)(a) was last substituted by article 4(g)(i) of S.I. 2010/2879.

(9)

The amount specified in section 46(3)(b) was last substituted by article 4(g)(ii) of S.I. 2010/2879.

(10)

Section 36(2) was amended by section 4(2) of FA 2009. Section 37(2) was amended by section 4(2) of FA 2009. The amount specified in each of the provisions in this sub-paragraph was substituted by article 4(h) of S.I. 2010/2879.