As respects the year of assessment 2009 and subsequent years of assessment, section 122 of the Principal Act is amended in the definition of the "specified rate" in subsection (1)(a) -

(a) by substituting "5 per cent" for "5.5 per cent" (inserted by the Finance Act 2008) in both places where it occurs, and

(b) by substituting "12.5 per cent" for "13 per cent" (inserted by the Finance Act 2008).