PART 1Income tax, corporation tax and capital gains tax
CHAPTER 1Charge, rates etc
Income tax
4Basic rate limit from 2016
1
The amount specified in section 10(5) of ITA 2007 (basic rate limit) is replaced—
a
for the tax year 2016-17, with “£31,900”, and
b
for the tax year 2017-18, with “£32,300”.
2
Accordingly, for those tax years section 21 of that Act (indexation of limits), so far as relating to the basic rate limit, does not apply.