2.—(1) The amounts which, unless Parliament otherwise determines, will be treated by virtue of sections 1(4)(1) and 257C(1) of the Income and Corporation Taxes Act 1988 as specified for the year 1996 – 97 in sections 1(2)(2), 257 and 257A(3) of that Act are set out in paragraphs (2), (3) and (4).
(2) In subsection (2) of section 1 of the said Act (the charge to income tax)—
(a)in paragraph (aa) (lower rate limit)— £3,400;
(b)in paragraph (b) (basic rate limit)— £25,300.
(3) In section 257 of the said Act (personal allowance)—
(a)in subsection (1) (personal allowance)— £3,665;
(b)in subsection (2) (personal allowance— age 65 to 74) — £4,810;
(c)in subsection (3) (personal allowance— age 75 and over)— £4,990;
(d)in subsection (5) (income limit for age-related allowances) — £15,200.
(4) In section 257A of the said Act (married couple’s allowance) —
(a)in subsection (1) (married couple’s allowance)— £1,790;
(b)in subsection (2) (married couple’s allowance— age 65 to 74)— £3,115;
(c)in subsection (3) (married couple’s allowance— age 75 and over)— £3,155;
(d)in subsection (5) (income limit for age-related allowances) — £15,200.
Section 1(4) was amended by section 24(2) of the Finance Act 1988, by section 9(1) and (6) of the Finance Act 1992 and by section 107(2) of the Finance Act 1993.
Section 1(2) was amended by section 24(2) of the Finance Act 1988 and by section 9(1) to (3) of the Finance Act 1992.
Sections 257 and 257A as substituted by section 33 of the Finance Act 1988 were amended by section 33 of the Finance Act 1989 (c. 26), and section 257A was further amended by section 77(2) of, and paragraph 1 of Schedule 8 to, the Finance Act 1994 (c. 9).