Regulation 2 Amendment of the 1992 Regulations
In relation to financial years beginning on or after 1st April 2001, Schedules 1, 2 and 4 to the 1992 Regulations are amended as follows:—
(a)
in paragraph 4(1) of Schedule 1, for the formula “(A × £39.90) + (B × 0.00078)” there is substituted the formula “(A × £39.50) + (B × 0.00087)”;
(b)
in paragraph 2(12) of Schedule 2 for “1.005” there is substituted “1.004”;
(c)
in paragraph 8(1) of Schedule 2, for “1.2 per cent” there is substituted “1 per cent”; and
(d)
for Schedule 4 to the 1992 Regulations there is substituted the Schedule set out in the Schedule to these Regulations.