Introduction Details of the Section
2.Subsection (1)(a) replaces the amount currently in section 35 of the Income Tax Act 2007 (ITA) to set the personal allowance for those under 65 at £6,475.
3.Subsection (1)(b) replaces the amount in section 257 of the Income and Corporation Taxes Act 1988 (ICTA) to set the personal allowance for non-resident Commonwealth citizens aged under 65 at £6,475.
4.Subsection (2)(a) disapplies the requirement under section 57 of ITA to index the basic level of personal allowance in section 35 of ITA for the 2009-10 tax year only.
5.Subsection (2)(b) disapplies the requirement under section 257C of ICTA to index the basic level of personal allowance in section 257(1) of ICTA for the 2009-10 tax year only.