# Finance Act 2015, Section 4: Basic rate limit from 2016

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

(1) The amount specified in section 10(5) of ITA 2007 (basic rate limit) is replaced—
(a) for the tax year 2016-17, with “£32,000”, and
(b) for the tax year 2017-18, with “£33,500”.
(2) Accordingly, for those tax years section 21 of that Act (indexation of limits), so far as relating to the basic rate limit, does not apply.

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Source: https://www.legislation.gov.uk/ukpga/2015/11/section/4 (the official version)
Page: https://openlegislation.uk/finance-act-2015/section-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.