Section 681F — Income Tax (Earnings and Pensions) Act 2003: Alteration of income limit etc by Treasury order

Alteration of income limit etc by Treasury order 681F 1 The Treasury may by order—

a substitute another amount for the amount for the time being specified in section 681B(1)(a) and defined as “L” in section 681C(2), or b substitute another amount for the amount defined as “X” in section 681C(2).

2 An order under this section has effect for tax years beginning after the order is made.

3 A statutory instrument containing an order under this section which increases any person's liability to income tax may not be made unless a draft of it has been laid before and approved by a resolution of the House of Commons.