Paragraph 12

(1)

If it appears to the Treasury that there has been a change in the value of money since the last relevant date, they may by regulations substitute for the sums for the time being specified in paragraphs 4, 5 and 7 such other sums as appear to them to be justified by the change.

(2)

In sub-paragraph (1), in relation to a specified sum, “relevant date” means—

(a)

the date on which this Act is passed, and

(b)

in relation to that sum, each date on which the power conferred by that sub-paragraph has been exercised.

(3)

Regulations under this paragraph do not apply to—

(a)

a failure that occurs in respect of a financial year of a company that begins before the date on which they come into force, or

(b)

an inaccuracy in a certificate that was provided to HMRC in respect of such a financial year.