OpenLegislation

Paragraph 1

Original text. Later amendments are not shown.

The sum specified in this Schedule is the sum determined by the formula:

A×B,

where

A

  • 24/100, and

    • B

  • the specified income for the year ended 31st December 1993 as determined in accordance with paragraphs 2 to 7 below, provided that:

    • (a)

    where the resultant sum exceeds £19,500.00, the sum is £19,500.00; and

    (b)

    where the resultant sum is less than £175.00, the sum is £175.00.