(1) Section 34 of the Finance Act, 1963, is amended -
(a) in subsection (4) -
(i) by the substitution in paragraph (c)(i) of "£1,500" for "£1,000" (inserted by the Finance Act, 1983),
(ii) by the substitution in paragraph (d)(ii) of "£1,500" for "£1,000" (as so inserted),
and
(b) by the substitution in subsection (5) of "£1,500" for "£1,000" (as so inserted).
(2) With effect on and from 1 January 2002, section 34 of the Finance Act, 1963, is amended -
(a) in subsection (4) -
(i) by the substitution in paragraph (c)(i) of "€1,900" for "£1,500" (inserted by subsection (1)),
(ii) by the substitution in paragraph (d)(ii) of "€1,900" for "£1,500" (as so inserted),
and
(b) by the substitution in subsection (5) of "€1,900" for "£1,500" (as so inserted).