text_body: --- DIVISION TITLE ---
  
  Finance (No. 2) Bill - Clause 5 - Basic Rate Limit and Personal Allowance for Future Tax Years
  
  --- MOTION EFFECT ---
  
  @ MP voted aye to keep the thresholds for starting to pay income tax, and for starting to pay income tax at the higher rate, at the 2021-22 levels until 2026. 
  
  @ MP voted no not to keep the thresholds for starting to pay income tax, and for starting to pay income tax at the higher rate, at the 2021-22 levels until 2026. 
  
  
  The majority of MPs voted to keep the thresholds for starting to pay income tax, and for starting to pay income tax at the higher rate, at the 2021-22 levels until 2026. 
  
  MPs were considering the Finance (No. 2) Bill.[1][2][3]
  
  Specifically they were considering if Clause 5 should be part of the Bill. 
  
  The motion supported by a majority of MPs in this vote was:
  
  :That the clause stand part of the Bill.
  
  Clause 5 of the Bill was titled: ''Basic rate limit and personal allowance for future tax years'' and stated:
  
  :(1) For the tax years 2022-23, 2023-24, 2024-25 and 2025-26, the amount specified in [https://www.legislation.gov.uk/ukpga/2007/3/section/10 section 10](5) of ITA 2007 (basic rate limit) is âÂ£37,700â.
  :(2) For the tax years 2022-23, 2023-24, 2024-25 and 2025-26, the amount specified in [https://www.legislation.gov.uk/ukpga/2007/3/section/35 section 35](1) of ITA 2007 (personal allowance) is âÂ£12,570â.
  :(3) Accordinglyâ
  :(a) [https://www.legislation.gov.uk/ukpga/2007/3/section/21 section 21 of ITA 2007 (indexation of basic rate limit)] does not apply in relation to the basic rate limit, and
  :(b) [https://www.legislation.gov.uk/ukpga/2007/3/section/57 section 57 of ITA 2007 (indexation of allowances)] does not apply in relation to the amount specified in section 35(1) of that Act, for the tax years 2022-23, 2023-24, 2024-25 and 2025-26.
  
  
  The effect of this clause was to set the thresholds for starting to pay income tax, and for starting to pay income tax at the higher rate at Â£12,570 and Â£37,700 respectively for 2022-2026 rather than to allow them to increase in line with the consumer prices index published by the [https://uksa.statisticsauthority.gov.uk/the-authority-board/ Statistics Board (known as the UK Statistics Authority)] as provided for by  sections 21 and 57 of the Income Tax Act 2007.
  
  The rates for starting to pay income tax, and for starting to pay income tax at the higher rate, for 2021-22 were Â£12,570 and Â£37,700 respectively.[4]
  
  Not raising the thresholds means increasing the tax-take in real terms. 
  
  --
  
  
  * [1] [https://bills.parliament.uk/bills/3060 Parliament's webpage on the Finance (No. 2) Bill], Parliament.uk
  * [2] [https://publications.parliament.uk/pa/bills/cbill/58-01/0270/200270.pdf The Finance (No. 2) Bill (as introduced 11 March 2021)], Parliament.uk
  * [3] [https://publications.parliament.uk/pa/bills/cbill/58-01/0270/en/200270en.pdf Explanatory notes to the Finance (No. 2) Bill], Parliament.uk
  * [4] [https://www.gov.uk/government/publications/rates-and-allowances-income-tax/income-tax-rates-and-allowances-current-and-past  Income Tax rates and allowances for current and past years], Gov.uk
  --- COMMENTS AND NOTES ---
  
  (put thoughts and notes for other researchers here)
  