5 Personal allowance from 2016
Finance Act 2015 (2015 c 11) | Legislation

5  Personal allowance from 2016

(1)     The amount specified in section 35(1) of ITA 2007 (personal allowance for those born after 5 April 1938) is replaced—

(a)     for the tax year 2016–17, with “[£11,000]”, and

(b)     for the tax year 2017–18, with “[£11,500]”.

(2)     Accordingly, for those tax years, section 57 of that Act (indexation of allowances), so far as relating to the amount specified in section

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