Introduction Details of the Section
2.Subsection (2) replaces ‘retail prices index’ with ‘consumer prices index’ in section 21(1), (3) and (3A), and inserts a definition for ‘consumer prices index’ after Section 21(5), as a new subsection (6).
3.Subsection (3) replaces ‘retail prices index’ with ‘consumer prices index’ in section 57(2), (3) and (4), and inserts a definition for ‘consumer prices index’ after section 57(6), as a new subsection (7).
4.Subsection (4) sets out that the amendments made by subsections (2) and (3) have effect from 2015-16 and for subsequent tax years.