HC Deb 20 March 1989 vol 149 c840
(1) For the year 1989–90, section 257 of the Income and Corporation Taxes Act 1988 shall have effect with the following amendments—
- (a) in subsection (3) (increased allowance for those aged 80 and over) for "80", wherever occurring, there shall be substituted "75", and
- (b) in subsection (5) (age allowance withdrawn by two-thirds of amount by which income exceeds a specified limit) for "two-thirds" there shall be substituted "one half"
(2) This Resolution shall not require any change to be made in the amounts deductible or repayable under section 203 of the Income and Corporation Taxes Act 1988 (pay as you earn) before 18th May 1989.
And it is hereby declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of the Provisional Collection of Taxes Act 1968.—[Mr. Lawson.]