(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.