Point in time view as at 08/02/2023.
Finance Act 2003, Section 112 is up to date with all changes known to be in force on or before 06 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
(1)The Treasury may by regulations amend the following provisions of this Part—
(a)Schedule 5 (amount of tax chargeable: rent);
(b)subsection (2) of section 55 (amount of tax chargeable: general) so far as relating to the thresholds at which different rates of tax become payable.
F1(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3)A statutory instrument containing regulations under this section shall not be made unless a draft of the instrument has been laid before and approved by resolution of the House of Commons.
(4)The power conferred by this section is not exercisable after the implementation date.
Textual Amendments
F1S. 112(2) omitted (with effect in accordance with Sch. 39 para. 10(4) of the amending Act) by virtue of Finance Act 2012 (c. 14), Sch. 39 para. 8(2)(b)(i) (with Sch. 39 paras. 11-13)
Commencement Information
I1Pt. 4 wholly in force at Royal Assent subject to Sch. 19, see s. 124, Sch. 19 para. 1(1)
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