Paragraph 1

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

where

• A=0.31/100, and

• B=the specified income for the year ended 31st December 1996 as determined in accordance with paragraphs 2 to 4 below provided that—

  1. (a)

     where the resultant sum exceeds £25,000.00, the sum is £25,000.00; and

  2. (b)

     where the resultant sum is less than £225.00, the sum is £225.00.