Finance Act 2007

SCHEDULE 1

Amendments Consequential on Changes in Personal Tax Credits

Section 3 .

As respects the year of assessment 2007 and subsequent years of assessment, the Taxes Consolidation Act 1997 is amended as follows:

(a) in section 461, by substituting “€3,520” for “€3,260”, in both places where it occurs, and “€1,760” for “€1,630”;

(b) in section 461A, by substituting “€550” for “€500”;

(c) in section 462, by substituting “€1,760” for “€1,630” in subsection (2);

(d) in section 463, by substituting “€3,750”, “€3,250”, “€2,750”, “€2,250” and “€1,750” respectively for “€3,100”, “€2,600”, “€2,100”, “€1,600” and “€1,100” in subsection (2);

(e) in section 464, by substituting “€550” and “€275”, respectively for “€500” and “€250”;

(f) in section 465, by substituting “€3,000” for “€1,500” in subsection (1);

(g) in section 468, by substituting “€1,760” and “€3,520”, respectively for “€1,500” and “€3,000” in subsection (2); and

(h) in section 472, by substituting “€1,760” for “€1,490”, in both places where it occurs, in subsection (4).