OpenLegislation

Paragraph 1

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

The sum determined in accordance with this Schedule is the sum resultant from the formula:

A×B,

where

A

  • 0.22/100, and

    • B

  • the specified income for the relevant year as determined in accordance with paragraphs 2 to 11 below, except that:

    1. (a)

      where the resultant sum exceeds £14,000.00, the sum determined is £14,000.00; and

    2. (b)

      where the resultant sum is less than £150.00, the sum determined is £150.00.