Tax Law Rewrite Project - Income Tax Act 2007 comes into force on 6 April 2007

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The project to consolidate and rewrite all of the UK's tax law started in 1997. The Acts and Regulations that have appeared so far are

• the Capital Allowances Act 2001, from 6 April 2001
  
  
• the Income Tax (Earnings and Pensions) Act 2003, from 6 April 2003,
  
  
• the Income Tax (PAYE) Regulations 2003, from 6 April 2004
  
  
• the Income Tax (Trading and Other Income) Act 2005, from 6 April 2005.

The latest Act to be completed is the Income Tax Act 2007 which comes into force on 6 April 2007. This Act provides the source legislation for the rates at which income tax is charged, the thresholds between which the rates apply, the method by which a person's income tax liability for a year is calculated, and the allowances and reductions available.

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Source:
Income Tax Act 2007
Tax Law Rewrite

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