SCHEDULES
SCHEDULE 9Insurance companies: transfers etc
Power to amend transfer provisions
16
1
The Treasury may by order make provision in relation to insurance business transfer schemes.
2
The power conferred by sub-paragraph (1) includes power to amend or repeal any provision of the Corporation Tax Acts relating to insurance business transfer schemes and otherwise to amend the Corporation Tax Acts.
3
The power conferred by sub-paragraph (1) includes power to make—
a
different provision for different cases or otherwise for different purposes, and
b
incidental, supplementary, consequential or transitional provisions and savings.
4
Provision made by an order under this paragraph may be made so as to have effect in relation to periods of account current when it is made.
5
No order may be made under this paragraph unless a draft of the statutory instrument containing it has been laid before the House of Commons before 1st April 2008 and has been approved by a resolution of that House.