[F1608NExemptions: further provisionU.K.
(1)The Treasury may by regulations—
(a)amend this Chapter for the purpose of creating additional exemptions;
(b)amend any exemption for the time being in force.
(2)“Exemption” means a total or partial exemption from the charge under this Chapter.
(3)The regulations may confer a power to make subordinate legislation or confer a discretion on any person.
(4)The regulations may make retrospective provision, except insofar as they impose or increase taxation.
(5)A statutory instrument containing regulations under this section may not be made unless a draft of the instrument has been laid before and approved by a resolution of the House of Commons.]
Textual Amendments
F1Pt. 5 Ch. 2A inserted (with effect in accordance with Sch. 3 para. 7 of the amending Act) by Finance Act 2019 (c. 1), Sch. 3 para. 4 (with Sch. 3 para. 8)