5Annual adjustment figures

5 Annual adjustment figures

(1)  In this section –

subsisting Schedule 2 means Schedule 2 to the Principal Act as in force when this section commences.

(2)  For the purposes of clause 3(2)(a) of subsisting Schedule 2, the annual adjustment factor for the financial year commencing on 1 July 2009 is, and is taken to have always been, 3.2%.

(3)  For the purposes of clause 5(2)(a) of subsisting Schedule 2, the annual adjustment factor for the financial year commencing on 1 July 2011 is, and is taken to have always been, 2.4%.

(4)  For the avoidance of doubt, any taxes collected or purportedly collected by the Crown under subsisting Schedule 2 are taken to have been validly collected.