Paragraph 1

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

where A = 0.57/100, and

• B = the specified income for the year ended 31st December 2000 as determined in accordance with paragraphs 2 to 4 below provided that—

  1. (a)

     where the resultant sum exceeds £50,000, the sum is £50,000; and

  2. (b)

     where the resultant sum is less than £375, the sum is £375.