# Finance Act 2020, Paragraph 4


(1) The Treasury may by regulations made by statutory instrument—
(a) amend paragraph 3(6)(b)(i) by substituting a different amount for the one that is for the time being specified there;
(b) amend paragraph 3(6)(b)(ii) by substituting a different percentage for the one that is for the time being specified there.
(2) A statutory instrument containing regulations under this paragraph—
(a) is subject to annulment in pursuance of a resolution of the House of Commons, if the regulations increase the specified amount by no more than is necessary to reflect changes in the value of money;
(b) otherwise, may not be made unless a draft of the instrument has been laid before and approved by a resolution of the House of Commons.

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Source: https://www.legislation.gov.uk/ukpga/2020/14/schedule/13/paragraph/4 (the official version)
Page: https://openlegislation.uk/finance-act-2020/schedule-13/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.