Section 332JA | Regulations amending specified percentages

(1)The Treasury may by regulations substitute a different percentage for the percentage that is at any time specified in any of the following provisions—

(a)section 332C(2) (calculation of allowance as a percentage of investment expenditure);

(b)section 332DA(4) (calculation of relevant field threshold in relation to former new field);

(c)section 332DB(4) (calculation of relevant project threshold in relation to former additionally-developed field).

(2)Regulations under subsection (1) may include transitional provision.