(1) Section 22A of the Principal Act is amended -
(a) in subsection (2)(b) by the substitution of the following for paragraphs (i) to (iii) -
(i) as respects an accounting period falling within the financial year 2001, 30 per cent, and
(ii) as respects an accounting period falling within the financial year, 2002, 14 per cent,",
and
(b) in subsection (3) by the substitution of -
(i) as respects the financial year 2001 "£200,000" for "£50,000" and "£250,000" for "£75,000", and
(ii) as respects the financial year 2002 "€254,000" for "£50,000" and "€317,500" for "£75,000",
in both places where they each occur.
(2) This section has effect as respects the financial year 2001 and subsequent financial years.