# Finance Act 2004, Section 228: Annual allowance

Extent: E+W+S+N.I.

(1) The annual allowance for the tax year 2023-24 and, subject to subsection (2), each subsequent tax year is £60,000.
(2) The Treasury may by order provide that the annual allowance for any tax year subsequent to the tax year 2023-24 is such amount as is specified in the order.

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Source: https://www.legislation.gov.uk/ukpga/2004/12/section/228 (the official version)
Page: https://openlegislation.uk/finance-act-2004/section-228
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.