(1) Schedule 9 is amended as follows.

(2) In paragraph 5(1)(d) [Paragraph 5(1) (d) was substituted by S.I. 2004/1261 and subsequently amended by paragraph 58(1) and (4) of Schedule 5 to the Enterprise and Regulatory Reform Act 2013 and S.I. 2012/1809.] -

(a) at the end of sub-paragraph (i), insert "or";

(b) omit sub-paragraph (ii);

(c) omit sub-paragraph (iv) and the "or" before it.

(3) In paragraph 5(2) [Paragraph 5(2) was substituted by S.I. 2004/1261 and subsequently amended by paragraph 58(1) and (4) of Schedule 5 to the Enterprise and Regulatory Reform Act 2013 and S.I. 2012/1809.] -

(a) at the end of paragraph (a), insert "or";

(b) omit paragraph (b);

(c) omit paragraph (d) and the "or" before it.

(4) In paragraph 8 [Paragraph 8 was substituted by S.I. 2004/1261.], omit sub-paragraph (b);

(5) For the italic heading before paragraph 9 substitute "Retained exemptions".

(6) In paragraph 9(a)(i), for "parallel exemption" substitute "retained exemption".

(7) Omit paragraph 10 and the italic heading before it.