PART 1Income Tax, Corporation Tax and Capital Gains Tax

CHAPTER 1Charges, rates etc

Income tax

2Personal allowance for 2013-14 for those born after 5 April 1948

1

For the tax year 2013-14 the amount specified in section 35(1) of ITA 2007 (personal allowance for those born after 5 April 1948) is replaced with “ £9,440 ”.

2

Accordingly section 57 of that Act (indexation of allowances), so far as relating to the amount specified in section 35(1) of that Act, does not apply for that tax year.