(1) The Principal Act is amended -

(a) in section 730F(1) -

(i) in paragraph (a) by substituting "(S + 6) per cent" for "(S + 3) per cent", and

(ii) in paragraph (b) by substituting "(S + 26) per cent" for "(S + 23) per cent",

(b) in Chapter 6 of Part 26 -

(i) in section 730J(a) -

(I) by substituting the following for clause (I) of subparagraph (i):

"(I) where the payment is a relevant payment, at the rate determined by the formula

(S + 3) per cent

where S is the standard rate per cent for the year of assessment in which the payment is made, and",

(II) in subparagraph (i)(II)(A) by substituting "(S + 26) per cent" for "(S + 23) per cent",

(III) in subparagraph (i)(II)(B) by substituting "(S + 6) per cent" for "(S + 3) per cent", and

(IV) in subparagraph (ii)(I) by substituting "(H + 23) per cent" for "(H + 20) per cent",

and