PART IX MISCELLANEOUS AND SUPPLEMENTARY
Interpretation
271AF1Qualifying non-UK pension scheme
1
For the purposes of this Act “qualifying non-UK pension scheme” means a pension scheme (other than a registered pension scheme) which—
a
is established in a country or territory outside the United Kingdom, and
b
satisfies any requirements prescribed for the purposes of this section by regulations made by the Commissioners for Her Majesty's Revenue and Customs.
2
“Pension scheme” has the same meaning as in Part 4 of the Finance Act 2004 (see section 150 of that Act).
3
Regulations under this section may include provision having effect in relation to times before the regulations are made if it does not increase any person's liability to tax.
4
The power to make regulations under this section is exercisable by statutory instrument, which is subject to annulment in pursuance of a resolution of the House of Commons.