Amounts specified for rate limits for 2005/06
2. Unless Parliament determines otherwise, for the year 2005/06, the amount treated as specified by virtue of section 1(4) of the Income and Corporation Taxes Act 1988 shall be—
(a)in section 1(2)(aa)(1) of the Act (starting rate limit of charge to income tax), £2,090;
(b)in section 1(2)(b)(2) of the Act (basic rate limit of charge to income tax), £32,400.
(1)
Section 1(2)(aa) was amended by section 22(1) and (12) of the Finance Act 1999 (c. 16).
(2)
Section 1(2)(b) was amended by section 24(2) of the Finance Act 1988 (c. 39).