Part 1Charges, rates, allowances, reliefs etc

Income tax

2Personal allowance for those aged under 65

(1)

For the tax year 2008-09 the amount specified in—

(a)

section 35 of ITA 2007, F1...

F1(b)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(personal allowance for those aged under 65) is replaced with “ £6,035 ”.

(2)

Accordingly—

(a)

section 57 of ITA 2007, so far as relating to the amount specified in section 35 of that Act, F2...

F2(b)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(indexation) do not apply for the tax year 2008-09.

(3)

This section does not require a change to be made in the amounts deductible or repayable under PAYE regulations before 7 September 2008.