Paragraph 6 I1I2

after paragraph (d) insert—

“(da)

the basis on which the levy is to be charged in respect of each chargeable transaction to which the scheme relates in accordance with section 4A,”,

for paragraph (e) substitute—

“(e)

either (as the case may be)—

(i)

the percentage rate (or rates) of the levy set by the local authority under section 6, or

(ii)

the fixed amount (or amounts) of the levy set by the local authority under section 6A,”,

in the opening words, after “which” insert “does any of the following”,

for paragraph (b), and the word “or” immediately following that paragraph, substitute—

“(b)

in the case of a VL scheme under which the levy to be charged is based on a percentage rate (or percentage rates), increases the percentage rate (or rates) of the levy,

(ba)

in the case of a VL scheme under which the levy to be charged is a fixed amount (or fixed amounts), increases the fixed amount (or amounts) of the levy,

(bb)

changes the basis on which the levy is to be charged from that mentioned in paragraph (a) of section 4A(2) to that mentioned in paragraph (b) of that subsection (or vice versa),”.