Regulation 3 Amendments to the principal Regulations

In regulation 2(1)—

(a)

after the definition of “arrangements” there shall be inserted the following definition—

““basis year” shall be construed in accordance with section 646B^f1;”;

(b)

after the definition of “the Board” there shall be inserted the following definitions—

““earnings threshold” has the meaning given by section 630(1);

“electronic signature” has the meaning given by section 7(2) of the Electronic Communications Act 2000^f2;”;

(c)

for the definitions of “net relevant Schedule E earnings” and “relevant Schedule E earnings” there shall be substituted the following definitions—

““net relevant earnings” means relevant earnings computed in accordance with section 646^f3;

“permitted maximum” has the meaning given by section 638(4)^f4;

“qualifying post-cessation year” has the meaning given by section 646D(4) and (5)^f5;

“relevant earnings” has the meaning given by section 644^f6;”.

Annotations

Footnotes

f1: Section 646B was inserted by paragraph 22(1) of Schedule 13.
f2: 2000 c. 7.
f3: Section 646 was amended by Part VIII of Schedule 14 to the Finance Act 1988 (c. 39), paragraph 7 of Schedule 7 to the Finance Act 1989 (c. 26), paragraph 8(29) of Schedule 1 to the Capital Allowances Act 1990 (c. 1), and paragraph 21 of Schedule 13.
f4: Section 638(4) was amended by paragraph 13(3) of Schedule 13.
f5: Section 646D was inserted by paragraph 23 of Schedule 13.
f6: Section 644 was amended by Part VIII of Schedule 14 to the Finance Act 1988, paragraph 5 of Schedule 7, and paragraph 16 of Schedule 12, to the Finance Act 1989, and paragraph 15 of Schedule 10 to the Finance Act 1999.