As respects the year of assessment 1999-2000 and subsequent years of assessment, the Principal Act is hereby amended -
(a) in the Table to section 458 -
(i) by the deletion of "section 472" from Part 1, and
(ii) by the insertion, in Part 2, of "section 472" after "section 462" (inserted by this Act),
and
(b) in section 472 -
(I) by the insertion before the definition of "emoluments" of the following definition -
"appropriate percentage', in relation to a year of assessment, means a percentage equal to the standard rate of tax for that year;",
and
(II) by the insertion after the definition of "proprietary director" of the following definition -
"'the specified amount', in relation to an individual for a year of assessment, means the lesser of -
(a) £1,000, or
(b) the amount which is included in the individual's total income for the year of assessment in respect of emoluments,
and, in the case where the claimant is a married person assessed to tax in accordanc
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