Indexation of the basic rate limit for the tax year 2021-22

2.  For the tax year 2021-22, the amount specified in section 10(5)(1) (basic rate limit) is replaced with “£37,700”.

(1)

Section 10(5) was substituted by section 4(1) of FA 2008. The amount specified in section 10(5) was last substituted by section 5(1) of FA 2019.