Part 2Income tax, corporation tax and capital gains tax

Chapter 3Authorised investment funds etc

19Section 17: commencement and procedure

(1)

Section 17(1) shall come into force on such day as the Treasury may appoint by order.

(2)

An order under subsection (1) may—

(a)

commence only a specified repeal;

(b)

commence different repeals at different times;

(c)

commence a repeal at different times for different purposes;

(d)

include savings.

(3)

Regulations under section 17(3) shall be subject to annulment by a resolution of the House of Commons.

(4)

But the first set of regulations under section 17(3) may not be made unless a draft has been laid before and approved by resolution of the House of Commons.