As respects the year of assessment 1998-99 and subsequent years of assessment, the Taxes Consolidation Act, 1997, is hereby amended in accordance with the following provisions:
(a) in section 461 -
(i) in paragraph (a), by the substitution of "£6,300" for "£5,800",
(ii) in paragraph (b), by the substitution of "£3,650" and "£6,300", respectively, for "£3,400" and "£5,800", and
(iii) in paragraph (c), by the substitution of "£3,150" for "£2,900",
(b) in subsection (2) of section 462, by the substitution of "£2,650" and "£3,150", respectively, for "£2,400" and "£2,900",
(c) in section 465, by the substitution of "£800" for "£700" in each place where it occurs,
(d) in subsection (1) of section 467, by the substitution of "£8,500" for "£7,500" in each place where it occurs,
and
(e) in subsection (2) of section 468, by the substitution of "£1,000" for "£700" in each place where it occurs and of "£2,000" for "£1,600".