Finance Act 2011, Paragraph 4 is up to date with all changes known to be in force on or before 01 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
4U.K.For section 228 substitute—
(1)The annual allowance for the tax year 2011-12 and, subject to subsection (2), each subsequent tax year is £50,000.
(2)The Treasury may by order provide that the annual allowance for any tax year subsequent to the tax year 2011-12 is such amount as is specified in the order.”
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