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

  • 0.435/100, and

    • B

  • the specified income for the year ended 31st December 1998 as determined in accordance with paragraphs 2 to 4 below provided that

    1. (a)

      where the resultant sum exceeds £36,000, the sum is £36,000; and

    2. (b)

      where the resultant sum is less than £300, the sum is £300.