Orders of the Day — 9. Income Tax (Alteration of Personal Reliefs

– in the House of Commons at 12:00 am on 27th March 1972.

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Motion made, and Question,

That—

  1. (a) in section 8 of the Income and Corporation Taxes Act 1970 (married and single relief)—
    1. (i) in subsection (1)(a) (married) £465 there shall be substituted £600;
    2. (ii) in subsection (1)(b) (single) for £325 there shall be substituted £460; and
    3. (iii) in subsection (2) (wife's earned income) for £325 there shall be substituted £460; and
  2. (b) in section 7 of that Act (relief for persons over sixty-five with small incomes)—
    1. (i) for the references to £530 and £825 (income limits for exemption) there shall be substituted references to £634 and £929; and
    2. (ii) for the reference to £345 (excess over those limits beyond which relief by reduction of tax is excluded) there shall be substituted a reference to £245; and
  3. (c) in section 6 of that Act (relief for small incomes)—
    1. (i) for the references to £450 (income limit for full relief) there shall be substituted references to £550; and
    2. (ii) for the reference to £750 (income limit for marginal relief) there shall be substituted a reference to £805;
but this Resolution shall not require any change to be made in the amounts to be deducted or repaid under section 204 of that Act (pay-as-you-earn) before 4th May 1972.

And it is hereby declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of the Provisional Collection of Taxes Act 1968.—[Mr. Barber.]

put forthwith pursuant to Standing Order No. 94 (Ways and Means Motions, and agreed to.