Regulation 2 Amendments having effect as from 1996/97

The 1992 Regulations shall have effect in relation to financial years beginning on or after 1st April 1996 with the following amendments.

In paragraph 4(1) of Schedule 1, for the formula there shall be substituted the formula

“”.

$$\left(\mathrm{A}\times \pounds 39.50\right)+\left(\mathrm{B}\times 0.00087\right)$$

In paragraph 2(12) of Schedule 2, for “0.97” there shall be substituted “0.992”.

In paragraph 8(1) of Schedule 2, for “1.6 per cent.” there shall be substituted “1.5 per cent.”.

For Schedule 4 there shall be substituted the Schedule set out in the Schedule to these Regulations.