Related Commentary  


In the heading, the words “basic rate limit and starting rate limit for savings” substituted for “starting rate limit and the basic rate limit” by FA 2008, s. 5 and Sch. 1, para. 11(6), with effect for the tax year 2008–09 and subsequent tax years.

21(1)  This section applies if the consumer prices index for the September before the start of a tax year is higher than it was for the previous September.

21(2)  [Omitted by FA 2008, s. 5 and Sch. 1, para. 11(2).]

21(3)  The basic rate limit for the tax year is the amount found as follows.

Step 1

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