Part IIU.K. Income Tax, Corporation Tax and Capital Gains Tax

Chapter IU.K. General

Indexation: miscellaneousU.K.

F1106 Earnings cap etc: no indexation in 1993-94.U.K.

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107 Indexation of allowances etc. for 1994-95 onwards.U.K.

(1)The Taxes Act 1988 shall be amended as mentioned in subsections (2) to (6) below.

F2(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(3)In section 257C—

F3(a). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(b)subsection (2) (no change required for PAYE before 18th May) shall be omitted.

F4(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F4(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F4(6). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F4(7). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(8)This section shall have effect for the year 1994-95 and subsequent years of assessment.