10(1)In this Schedule, “the maximum amount” means £10,000.
(2)If it appears to the Treasury that there has been a change in the value of money since the last relevant date, the Treasury may by regulations substitute for the sum for the time being specified in sub-paragraph (1) such other sum as appears to them to be justified by the change.
(3)In sub-paragraph (2), “relevant date” means—
(a)the date on which the Finance (No. 2) Act 2023 is passed, and
(b)each date on which the power conferred by that sub-paragraph has been exercised.
(4)Regulations under this paragraph do not apply to any contravention which occurred before the date on which they come into force.
Commencement Information
I1Sch. 10 para. 10 in force at Royal Assent for specified purposes, see s. 120(1)(b)
I2Sch. 10 para. 10 in force at 1.8.2023 in so far as not already in force by S.I. 2023/884, reg. 2(1)(e) (with reg. 10)