The National Training Fund Act 2000 is amended -

(a) in section 4 by inserting the following after subsection (12):

"(13) For the purposes of this section -

‘payment’ includes a notional payment;

‘notional payment’ shall be read in accordance with the specified provision;

‘specified provision’ means any provision in a Bill entitled the Finance Bill 2003 presented by the Minister for Finance on 4 February 2003 in so far as that provision relates to the application of section 985 of the Taxes Consolidation Act 1997 to certain perquisites.",

and

(b) in section 5 -

(i) in subsection (1), by substituting "Chapter 4 of Part 42" for "Part 42", and

(ii) by substituting the following for subsection (6):