The Income Tax (Indexation) Order 2003

• Citation: S.I. 2003/840
• Sections: 2

Section 1

This Order may be cited as the Income Tax (Indexation) Order 2003.

Section 2

Unless Parliament determines otherwise, the amount treated as specified by virtue of section 1(4) of the Income and Corporation Taxes Act 1988 for the year 2003-04 –

(a) in section 1(2)(aa) of the Act (starting rate limit of charge to income tax) is £1,960;

(b) in section 1(2)(b) of the Act (basic rate limit of charge to income tax) is £30,500.