Part 13Tax avoidance
F1CHAPTER 5EDisguised investment management fees
809EZHPowers to amend Chapter
1
The Treasury may by regulations amend this Chapter—
a
so as to change the definition of “investment scheme” for the purposes of this Chapter;
b
so as to change the definition of “participant” for those purposes;
c
so as to change what is “carried interest” for the purposes of section 809EZB.
2
Regulations under this section may—
a
make different provision for different purposes, and
b
contain incidental, supplemental, consequential and transitional provision and savings.
3
A statutory instrument containing regulations under this section to which subsection (4) applies may not be made unless a draft of the instrument has been laid before and approved by a resolution of the House of Commons.
4
This subsection applies if the regulations contain any provision which has or may have the effect of increasing any person's liability to tax.
5
Any other statutory instrument containing regulations under this section is subject to annulment in pursuance of a resolution of the House of Commons.
Pt. 13 Ch. 5E inserted (with effect in accordance with s. 21(4) of the amending Act) by Finance Act 2015 (c. 11), s. 21(1)