Finance Act, 1970

Amendment of section 236 of and Schedule 5 to Income Tax Act, 1967.

13.—(1) Section 236 (1) of the Income Tax Act, 1967 , is hereby amended by the substitution of “£750” for “£500” in each place where it occurs.

(2) Schedule 5 to the Income Tax Act, 1967 , is hereby amended—

(a) by the substitution of “£750” for “£500” in each place where it occurs, and

(b) by the substitution in the Table to paragraph 4 of “£825” for “£550”, “£900” for “£600”, “£975” for “£650”, “£1,050” for “£700” and “£1,125” for “£750”.