28(1)Paragraph 2 of Schedule A1 to CAA 2001 (amount of first-year tax credit) is amended as follows.
(2)For sub-paragraphs (3A) and (4) substitute—
“(4)The Treasury may by regulations amend sub-paragraph (1)—
(a)so as to provide for a different percentage to apply where the surrenderable loss relates to a qualifying activity that is an NI rate activity, or
(b)so as to substitute for any percentage for the time being specified in that sub-paragraph such other percentage as the Treasury thinks fit.”
(3)In sub-paragraph (5), for “An order” substitute “Regulations”.