Part 10Social security income
F1CHAPTER 8High income child benefit charge
Annotations:
Amendments (Textual)
681FAlteration of income limit etc by Treasury order
1
The Treasury may by order—
a
substitute another amount for the amount for the time being specified in section 681B(1)(a) and defined as “L” in section 681C(2), or
b
substitute another amount for the amount defined as “X” in section 681C(2).
2
An order under this section has effect for tax years beginning after the order is made.
3
A statutory instrument containing an order under this section which increases any person's liability to income tax may not be made unless a draft of it has been laid before and approved by a resolution of the House of Commons.
Pt. 10 Ch. 8 inserted (with effect in accordance with Sch. 1 para. 7 of the amending Act) by Finance Act 2012 (c. 14), Sch. 1 para. 1