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

  • 0.295/100, and

    • B

  • the specified income for the year ended 31st December 1995 as determined in accordance with paragraphs 2 and 3 below, provided that:

    • (a)

    where the resultant sum exceeds £24,000.00, the sum is £24,000.00; and

    (b)

    where the resultant sum is less than £215.00, the sum is £215.00.