{
  "url": "https://openlegislation.uk/finance-act-2023/section-5",
  "json_url": "https://openlegislation.uk/finance-act-2023/section-5.json",
  "legislation": "ukpga/2023/1",
  "legislation_title": "Finance Act 2023",
  "legislation_url": "https://openlegislation.uk/finance-act-2023",
  "path": "section/5",
  "kind": "section",
  "number": "5",
  "heading": "Basic rate limit and personal allowance for tax years 2026-27 and 2027-28",
  "text": "(1) Section 5 of the Finance Act 2021 (basic rate limit and personal allowance for tax years up to 2025-26) is amended as follows.\n(2) In subsection (1) (which specifies the basic rate limit in section 10(5) of the Income Tax Act 2007 as £37,700 for tax years up to 2025-26), for “and 2025-26” substitute “, 2025-26, 2026-27 and 2027-28”.\n(3) In subsection (2) (which specifies the personal allowance in section 35(1) of the Income Tax Act 2007 as £12,570 for tax years up to 2025-26), for “and 2025-26” substitute “, 2025-26, 2026-27 and 2027-28”.\n(4) In subsection (3) (which makes consequential provision preventing the uprating of those amounts for the affected tax years), in the words after paragraph (b), for “and 2025-26” substitute “, 2025-26, 2026-27 and 2027-28”.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2023/1/section/5",
    "retrieved_at": "2026-10-29T08:53:50.490771+00:00",
    "licence": "OGL-UK-3.0",
    "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
    "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
  }
}