HC Deb 21 September 1915 vol 74 cc432-3

24. Resolved, That—

  1. (a) The exemption from Income Tax now granted to persons whose in come does not exceed one hundred and sixty pounds shall be limited so as to extend only to persons whose income does not exceed one hundred and thirty pounds; and
  2. (b) The abatement of tax allowed under Section thirty-four of the Finance Act, 1894, and Section eight of the Finance Act, 1898, shall be reduced so as not to exceed—
    1. (i) in the case of persons whose incomes do not exceed four hundred pounds, the tax upon one hundred and twenty pounds;
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    2. (ii.) in the case of persons whose incomes exceed four hundred pounds but do not exceed six hundred pounds, the tax on one hundred pounds;
    and any Act relating to Income Tax shall have effect accordingly.

It is declared that it is expedient in the public interest that this Resolution shall have statutory effect under the provisions of the Provisional Collection of Taxes Act, 1913.—[The Chancellor of the Exchequer.]