Finance Act, 1983
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PART I Income Tax, Income Levy, Corporation Tax and Capital Gains Tax | ||
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Chapter I Income Tax | ||
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Amendment of section 1 (exemption from income tax) of Finance Act, 1980. |
1.— Section 1 of the Finance Act, 1980 , is hereby amended, as respects the year 1983-84 and subsequent years of assessment, by the substitution in subsection (2) of “£4,800” for “£4,400” (inserted by the Finance Act, 1982 ) and of “£2,400” for “£2,200” (inserted by the Finance Act, 1982 ), and the said subsection (2), as so amended, is set out in the Table to this section. | |
TABLE | ||
(2) In this section “the specified amount” means— | ||
(a) in a case where the individual would, apart from this section, be entitled to a deduction specified in section 138 (a) of the Income Tax Act, 1967 , £4,800, and | ||
(b) in any other case, £2,400. |