[F14(1)The Treasury may by order—U.K.
(a)specify circumstances in which paragraph 3(4)(a) is, or is not, to apply, and
(b)amend the definition of “the de minimis threshold” in paragraph 3(5).
(2)The order may—
(a)make different provision for different purposes, and
(b)contain transitional and saving provision.
(3)A statutory instrument containing an order under this paragraph which reduces the annual exempt amount in any case 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
F1Sch. 1C inserted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by Finance Act 2019 (c. 1), Sch. 1 para. 16