Part 1Charges, rates, allowances etc
Income tax
2Basic rate limit for 2011-12
(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.