SI 2018/1150 - The Income Tax (Indexation) Order 2018

Released 7 November 2018

SI 2018/1150 prescribes amounts for the blind persons allowance and married couples/civil partners allowance and tax reduction for the 2019-20 tax year.

The Income Tax (Indexation) Order 2018 fulfils the indexation requirements in the Income Tax Act 2007, s. 57 that certain allowances and limits are increased by reference to the Consumer Prices Index. These increases have effect for the 2019-20 tax year. The order does not provide for the indexation of the personal allowance, as the Finance Bill 2018 contains provision for disapplying the indexation requirement for it in respect of the 2019-20 tax year. The order provides the following amounts for the tax year 2019-20:

(a)the amount of the blind person’s allowance will be £2,450;

(b)the minimum amount of the tax reductions for married couples and civil partners will be £3,450;

(c)the amount of the married couple’s allowance: marriages before 5 December 2005 will be £8,915;

(d)the amount of the married couple’s allowance: marriages and civil partnerships on or after 5 December 2005 will be £8,915;

(e)the amount married couple’s allowance: adjusted net income limit will be £29,600.

The order was made on 6 November 2018.

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