The Income Tax (Indexation) (No.2) Order 2003
Section 257C(3) of the Income and Corporation Taxes Act 1988 (“the Act”) operates to provide that the Treasury shall by order made by statutory instrument before 6th April 2004 specify the amounts which by virtue of that section shall, unless Parliament otherwise determines, be treated as specified for the purposes of sections 257 (personal allowances), 257A (married couples allowances for those born before 6th April 1935), and 265 (blind person’s allowance) of the Act for the year of assessment 2004-5.