SCHEDULES

SCHEDULE 1Minor and consequential amendments

Part 2Other enactments

Finance Act 2004 (c. 12)

475

In section 193(6) (relief under net pay arrangements)—

a

for “from the total income” substitute “ in calculating the net income ”, and

b

at the end insert “ (see Step 2 of the calculation in section 23 of ITA 2007) ”.