Finance Act 2011

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SCHEDULE 1

Amendments Consequential on Changes in Personal Tax Credits

Section 6 .

1. As respects the year of assessment 2011 and subsequent years of assessment, the Taxes Consolidation Act 1997 is amended as follows:

(a) in section 461—

(i) in paragraph (a) by substituting “€3,300” for “€3,660”,

(ii) in paragraph (b) by substituting “€3,300” for “€3,660”, and

(iii) in paragraph (c) by substituting “€1,650” for “€1,830”;

(b) in section 461A by substituting “€540” for “€600”;

(c) in section 462(2) by substituting “€1,650” for “€1,830”;

(d) in section 463(2)(i) by substituting—

(i) “€3,600” for “€4,000”,

(ii) “€3,150” for “€3,500”,

(iii) “€2,700” for “€3,000”,

(iv) “€2,250” for “€2,500”, and

(v) “€1,800” for “€2,000”;

(e) in section 464 by substituting “€490” and “€245” for “€650” and “€325” respectively;

(f) in section 465(1) by substituting “€3,300” for “€3,660”;

(g) in section 466(2) by substituting “€70” for “€80”;

(h) in section 466A(2) by substituting “€810” for “€900”;

(i) in section 468(2) by substituting “€1,650” and “€3,300” for “€1,830” and “€3,660” respectively;

(j) in section 472(4) by substituting “€1,650” for “€1,830” in each place.

2. Paragraph 1 has effect as on and from 1 January 2011.