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

  • 0.35/100, and

    • B

  • the specified income for the year ended 31st December 1997 as determined in accordance with paragraphs 2 to 4 below provided that—

    1. (a)

      where the resultant sum exceeds £29,000.00, the sum is £29,000.00; and

    2. (b)

      where the resultant sum is less than £250.00, the sum is £250.00.