Modifications etc. (not altering text)
C1Sch. 23 applied by S.I. 2009/470 reg. 33(1) (as substituted (6.4.2013) by The Education (Student Loans) (Repayment) (Amendment) Regulations 2013 (S.I. 2013/607), regs. 1(1), 9))
C2Sch. 23 applied (16.6.2016) (with application in accordance with reg. 1 of the amending S.I.) by The Education (Postgraduate Masters Degree Loans) Regulations 2016 (S.I. 2016/606), regs. 1(1), 43(1)
41(1)If it appears to the Treasury that there has been a change in the value of money since the last relevant date, they may by regulations substitute for the sums for the time being specified in paragraphs 30(1), 31, 32(5) and 38(4) such other sums as appear to them to be justified by the change.U.K.
(2)“Relevant date”, in relation to a specified sum, means—
(a)the day on which this Act is passed, and
(b)each date on which the power conferred by sub-paragraph (1) has been exercised in relation to that sum.
(3)Regulations under this paragraph do not apply to—
(a)a failure which began before the date on which they come into force, or
(b)an inaccuracy in any data or document provided to HMRC before that date.