The Income Tax (Indexation) Order, SI 2012/3047, provides for the indexation of allowances and rate limits for 2013/14. However, the autumn statement announced that legislation in Finance Bill 2013 will increase the basic personal allowance to £9,440 and reduce the basic rate limit to £32,010.
The Income Tax (Indexation) Order, SI 2012/3047, provides for the indexation of allowances and rate limits for 2013/14. However, the autumn statement announced that legislation in Finance Bill 2013 will increase the basic personal allowance to £9,440 and reduce the basic rate limit to £32,010.
