PART 1Income Tax, Corporation Tax and Capital Gains Tax

CHAPTER 1Charges, rates etc

Income tax

3Basic rate limit for 2013-14

(1)

For the tax year 2013-14 the amount specified in section 10(5) of ITA 2007 (basic rate limit) is replaced with “ £32,010 ”.

(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.