# Finance Act 2014, Paragraph 5


(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 paragraph 2, 3 or 4 such other sums as appear to them to be justified by the change.
(2) Regulations under sub-paragraph (1) may include any amendment of paragraph 10(b) that is appropriate in consequence of an amendment made by virtue of sub-paragraph (1).
(3) The “relevant date”, in relation to a specified sum, means—
(a) the date on which this Act is passed, and
(b) each date on which the power conferred by sub-paragraph (1) has been exercised in relation to that sum.

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Source: https://www.legislation.gov.uk/ukpga/2014/26/schedule/35/paragraph/5 (the official version)
Page: https://openlegislation.uk/finance-act-2014/schedule-35/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.