Part 6Exempt income

Chapter 4SAYE interest

706Withdrawal and variation of certifications and connected requirements

1

The Treasury may—

a

withdraw the requirements specified under section 705(1)(b) for any description of arrangements and any certification made by reference to those requirements, or

b

vary those requirements and withdraw any certification made by reference to them.

2

The withdrawal, or variation and withdrawal, is only effective if the Treasury—

a

specify the date on which it is to take effect, and

b

give notice of it by post at least 28 days before that date to the provider authorised under section 707 to enter into contracts under the arrangement concerned.

3

The withdrawal, or variation and withdrawal, does not affect the operation of the arrangement concerned before that date or contracts made under that arrangement before it.