The Income Tax (Indexation) Order 2020
This Order fulfils the indexation requirement in section 57 of the Income Tax Act 2007 (c. 3). Section 57 provides that certain specified allowances and limits are increased by reference to the Consumer Prices Index. These increases have effect for the 2020-21 tax year.
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Lifecycle
Department
Made
23 Mar 2020
—
Comes into force
TBC
Enabling power
The Treasury make the following Order in exercise of the powers conferred by section 57(6) of the Income Tax Act 2007:
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