1.This section sets the income tax basic rate limit for 2016-17 and 2017-18.
2.Subsection (1) sets the amount of the basic rate limit for 2016-17 and 2017-18.
3.Subsection (2) disapplies the indexation provisions.
4.Finance Act 2014 sets the basic rate limit at £31,785 for 2015-16. Finance Act 2015 sets the basic rate limit at £31,900 for 2016-17 and £32,300 for 2017-18.