21 Indexation of the [basic rate limit and starting rate limit for savings]
Income Tax Act 2007 (2007 c 3) | Legislation

21  Indexation of the [basic rate limit and starting rate limit for savings]

(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.

(2)     . . .

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

Step 1

Increase the basic rate limit for the previous tax year by the same percentage as the percentage increase in the [consumer prices

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