Interpretation of finance act 2019

The Finance Act 2019 increased the standard deduction for salaried employees to £50,000. However, its effective date is stated as April 1st, 2020, leading to confusion about its application for the financial year 2019-20. This discussion aims to clarify whether the standard deduction for FY 2019-20 is £40,000 or £50,000 and determine if the amendments apply to FY 2019-20 or Assessment Year 2020-21.