Finance Act, 2000

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Additional standard rated allowance for certain widowed persons.

5.—As respects the year of assessment 2000-2001 and subsequent years of assessment, the Principal Act is amended—

(a) by the substitution of the following for section 461A:

“Additional standard rated allowance for certain widowed persons.	461A.—(1) In this section— ‘appropriate percentage’, in relation to a year of assessment, means a percentage equal to the standard rate of tax for that year;
	‘specified amount’, means £1,000.
	(2) This section applies to an individual being a widowed person, other than—
	(a) a person referred to in paragraph (a) of the definition of ‘the specified amount’ in section 461(1) (as amended by the Finance Act, 2000), or
	(b) a person entitled to a reduction of tax under section 462.
	(3) Where for any year of assessment an individual to whom this section applies is entitled to a reduction of tax under section 461, the income tax to be charged on the individual, other than in accordance with section 16(2), for a year of assessment shall be further reduced by an amount which is the lesser of—
	(a) an amount equal to the appropriate percentage of the specified amount, or
	(b) the amount which reduces that income tax to nil.”,

and

(b) in the Table to section 458—

(i) by the deletion of “Section 461A” from Part 1, and

(ii) by the insertion, in Part 2, after “Section 461(2)” of “Section 461A”.