Finance Act 2011 (c. 11)

Part 1 U.K. Charges, rates, allowances etc

Income tax U.K.

2 Basic rate limit for 2011-12 U.K.

(1) For the tax year 2011-12 the amount specified in section 10(5) of ITA 2007 (basic rate limit) is replaced with “ £35,000 ”.

(2) Accordingly section 21 of that Act (indexation of limits), so far as relating to the basic rate limit, does not apply for that tax year.