PART 1Income tax, corporation tax and capital gains tax
CHAPTER 1Income tax and corporation tax charges and rate bands
Income tax
2Basic rate limit for 2012-13
1
For the tax year 2012-13 the amount specified in section 10(5) of ITA 2007 (basic rate limit) is replaced with “
£34,370
”
.
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.