HC Deb 12 March 1992 vol 205 c1074

Resolved, That—

  1. (1) Section 1 of the Income and Corporation Taxes Act. 1988 shall be amended as follows.
  2. (2) In subsection (2) the following paragraph shall be inserted before paragraph (a)—
(aa) in respect of so much of an individual's total income as does not exceed £2,000, at such rate as Parliament may determine to be the lower rate for that year;".
  1. (3) In paragraph (a) of subsection (2) after "within" there shall be inserted "paragraph (aa) above or".
  2. (4) This Resolution shall apply for the year 1992–93 and subsequent years of assessment.
  3. (5) 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 before 18th May 1992.
 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.