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Finance Act 2004
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- UK Public General Acts
- 2004 c. 12
- Part 3
- Chapter 1
- Income tax
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Changes over time for: Cross Heading: Income tax
Version Superseded: 06/04/2007
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- 22/07/2004- Amendment
- 31/10/2006
Point in time - 06/04/2007- Amendment
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Income taxU.K.
23Charge and rates for 2004-05U.K.
Income tax shall be charged for the year 2004-05, and for that year—
(a)the starting rate shall be 10%;
(b)the basic rate shall be 22%;
(c)the higher rate shall be 40%.
24Personal allowances for those aged 65 or moreU.K.
(1)For the year 2004-05—
(a)the amount specified in section 257(2) of the Taxes Act 1988 (claimant aged 65 or more) shall be £6,830; and
(b)the amount specified in section 257(3) of that Act (claimant aged 75 or more) shall be £6,950.
(2)Accordingly, section 257C(1) of that Act (indexation), so far as it relates to the amounts so specified, does not apply for that year.
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