3Consequential etc powerU.K.
(1)The Treasury may by regulations make consequential, incidental or supplementary provision in connection with the provision made in Schedule 1.
(2)Regulations under this section may modify any provision of an Act or an instrument made under an Act.
(3)In subsection (2) “modify” includes amend, repeal or revoke.
(4)Section 175(3) to (5) of SSCBA 1992 (various supplementary powers) applies to the power to make regulations conferred by this section.
(5)Regulations under this section must be made by statutory instrument.
(6)A statutory instrument containing (with or without other provision) regulations under this section that amend or repeal a provision of an Act may not be made unless a draft of the instrument has been laid before, and approved by a resolution of, each House of Parliament.
(7)A statutory instrument containing regulations under this section that does not have to be approved in draft under subsection (6) is subject to annulment in pursuance of a resolution of either House of Parliament.