FIRST SCHEDULE

Amendment of Enactments

Section 2.

Amendments Consequential on Changes in Personal Reliefs

1. The Income Tax Act, 1967 , is hereby amended in accordance with the following provisions:

(a) in section 138A, for “£500” there shall be substituted “£650”,

(b) in section 138B(1), for “£400” in each place where it occurs, there shall be substituted “£600”,

(c) in section 141(1A), in paragraphs (b) and (c), for “£390” in each place where it occurs, there shall be substituted “£500”.

2. Section 3 of the Finance Act, 1969 , is hereby amended by the substitution in subsection (1) of “£500” for “£330”.

3. Section 11 of the Finance Act, 1971 , is hereby amended by the substitution in subsection (2) of “£400” for “£330” in each place where it occurs and of “£1,000” for “£660”.