2A

If the chargeable amount for the tax year in the individual's case is the alternative chargeable amount, each of the following is treated as being a reference to the amount that the annual allowance charge for the tax year would be in the individual's case if the chargeable amount were the default chargeable amount—

a

the reference in subsection (1)(a) to the amount of the individual's liability to the annual allowance charge for the tax year, and

b

the reference in subsection (3) to the annual allowance charge arising in the case of the individual.