Regulation 2 Amendment of the principal GB Regulations

(1)

The principal GB Regulations shall be amended in accordance with paragraphs (2) and (3) of this regulation.

(2)

In regulation 2(1) (meaning of “small employer”) for “£20,000” there shall be substituted “£40,000”.

(3)

In regulation 3 (determination of the amount of additional payment to which a small employer shall be entitled)—

(a)

for “6th April 1999” there shall be substituted “6th April 2002”; and

(b)

for “5 per cent.” there shall be substituted “4.5 per cent.”.