I move:
(1) That, in relation to income tax for the year 1982-83 and any subsequent year of assessment—
(a) section 8, of the Finance Act, 1980 (No. 14 of 1980), shall be amended, by the substitution of the Table to this subparagraph for the Table to that section:
TABLE
PART I
Part of taxable income |
Rate of tax |
Description of rate |
(1) |
(2) |
(3) |
The first £1,000 |
25 per cent. |
the reduced rate |
The next £3,000 |
35 per cent. |
the standard rate |
The next £2,000 |
45 per cent. |
|
The next £2,000 |
55 per cent. |
the higher rates |
The remainder |
60 per cent. |
PART II
Part of taxable income |
Rate of tax |
Description of rate |
(1) |
(2) |
(3) |
The first £2,000 |
25 per cent. |
the reduced rate |
The next £6,000 |
35 per cent. |
the standard rate |
The next £4,000 |
45 per cent. |
|
The next £4,000 |
55 per cent. |
the higher rates |
The remainder |
60 per cent. |
, and
(b) (i) where a deduction falls to be made from the total income of an individual in respect of relief to which the individual is entitled under a provision mentioned in column (1) of the Table to this subparagraph and the amount of the deduction would, but for this subparagraph, be an amount specified in column (2) of the said Table, the amount of the deduction shall, in lieu of being the amount specified in the said column (2), be the amount specified in column (3) of the said Table opposite the mention of the amount in the said column (2):
TABLE
Statutory provision |
Amount to be deducted from total income for 1981-82 |
Amount to be deducted from total income for 1982-83 and subsequent years |
(1) |
(2) |
(3) |
£ |
£ |
|
Income Tax Act, 1967 (No. 6 of 1967): |
||
section 138 |
||
(married man) |
2,230 |
2,900 |
(man married in the year of assessment) |
2,345 |
|
(widowed person) |
1,185 |
1,950 |
(widow bereaved in the year of assessment |
2,230 |
2,900 |
(single person) |
1,115 |
1,450 |
section 138A(additional allowance for widows and others in respect of children) (widowed person) |
650 |
950 |
(others) |
650 |
1,450 |
section 138B(employee allowance) |
600 |
600 |
section 139(housekeeper taking care of children) |
165 |
Nil |
section 140(relative taking care of unmarried person's brother or sister) |
165 |
Nil |
section 141(child allowance) |
195 |
100 |
(incapacitated child) |
500 |
500 |
section 142(dependent relative) |
95 |
110 |
Finance Act, 1969 (No. 21 of 1969): |
||
section 3(housekeeper taking care of incapacitated person) |
500 |
700 |
Finance Act, 1971 (No. 23 of 1971): |
||
section 11(blind person) |
400 |
500 |
(both spouses blind) |
1,000 |
1,200 |
Finance Act, 1974 (No. 27 of 1974): |
||
section 8(age allowance, single or widowed person |
80 |
100 |
(age allowance, married man) |
180 |
200 |
(ii) section 138 of the Income Tax Act, 1967, shall be amended—
(I) in paragraph (a), by the substitution of "£2,900" for "£2,230" where it first occurs and by the deletion of the proviso thereto,
(II) in paragraph (b), by the substitution of "£1,950" for "£1,185" and of "£2,900" for "£2,230", and
(III) in paragraph (c), by the substitution of "£1,450" for "£1,115",
(iii) section 138A of the Income Tax Act, 1967, shall be amended by the substitution for "he shall be entitled to a deduction of £650" of "he shall be entitled, if he is an individual to whom paragraph (b) (i) of section 138 applies to a deduction of £950 or, if he is an individual to whom paragraph (c) of sections 138 applies, to a deduction of £1,450",
(iv) sections 139 and 140 of the Income Tax Act, 1967, shall not apply or have effect,
(v) section 141 of the Income Tax Act, 1967, shall be amended, in subsection (1A), by the substitution of "£100" for "£195",
(vi) section 142 of the Income Tax Act, 1967, shall be amended, in subsection (1), by the substitution of "£110" for "£95", in each place where it occurs,
(vii) section 3 of the Finance Act, 1969 (No. 21 of 1969), shall be amended, in subsection (1) by the substitution of "£700" for "£500",
(viii) section 11 of the Finance Act, 1971 (No. 23 of 1971), shall be amended, in subsection (2), by the substitution of "£500" for "£400" in each place where it occurs and of "£1,200" for "£1,000", and
(ix) section 8 of the Finance Act, 1974 (No. 27 of 1974), shall be amended, in subsection (1), by the substitution of "£200" for "£180" and of "£100" for "£80".
(2) It is hereby 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, 1927 (No. 7 of 1927).