Part II U.K. Income Tax, Corporation Tax and Capital Gains Tax

Chapter I U.K. General

Indexation: miscellaneous U.K.

107 Indexation of allowances etc. for 1994-95 onwards. U.K.

(1) The Taxes Act 1988 shall be amended as mentioned in subsections (2) to (6) below.

F1 (2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(3) In section 257C—

F2 (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(b) subsection (2) (no change required for PAYE before 18th May) shall be omitted.

F3 (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F3 (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F3 (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F3 (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(8) This section shall have effect for the year 1994-95 and subsequent years of assessment.

Textual Amendments

F1 S. 107(2) repealed (31.1.2013) by Statute Law (Repeals) Act 2013 (c. 2), s. 3(2), Sch. 1 Pt. 10 Group 1

F2 S. 107(3)(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(e)

F3 S. 107(4)-(7) repealed (6.4.2006) by Finance Act 2004 (c. 12), Sch. 42 Pt. 3 (with Sch. 36)