Section 2 — Finance Act 2008: Personal allowance for those aged under 65

Personal allowance for those aged under 65 2 1 For the tax year 2008-09 the amount specified in—

a section 35 of ITA 2007, ... b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (personal allowance for those aged under 65) is replaced with “ £6,035 ” .

2 Accordingly—

a section 57 of ITA 2007, so far as relating to the amount specified in section 35 of that Act, ... b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (indexation) do not apply for the tax year 2008-09.

3 This section does not require a change to be made in the amounts deductible or repayable under PAYE regulations before 7 September 2008.