Paragraph 12 I1
After paragraph 7B (inserted by paragraph 11 of this Schedule) insert—
“Supplementary
7C(1)Any lump sum calculated under paragraph 3B or 7B must be rounded to the nearest penny, taking any 1/2p as nearest to the next whole penny above.
(2)In prescribing a percentage rate for the purposes of paragraphs 3B and 7B, the Secretary of State must have regard to—
(a)the national economic situation, and
(b)any other matters which he considers relevant.”
Annotations
Commencement
- I1
Sch. 11 wholly in force at 6.4.2005; Sch. 11 in force at Royal Assent for specified purposes and otherwise at 6.4.2005 see s. 322
Notes on Part 1
Commencement
- I1
Sch. 11 wholly in force at 6.4.2005; Sch. 11 in force at Royal Assent for specified purposes and otherwise at 6.4.2005 see s. 322