SCHEDULES

C1SCHEDULE 6Transitional provision relating to new standard lifetime allowance for the tax year 2014-15 etc

Annotations:
Modifications etc. (not altering text)

PART 2Regulations

7

1

The Commissioners for Her Majesty's Revenue and Customs may by regulations amend Part 1 of this Schedule.

2

Regulations under this paragraph may (for example) add to the cases in which paragraph 1(2) is to apply.

3

Regulations under this paragraph must not increase any person's liability to tax.

4

Regulations under this paragraph may include provision having effect in relation to a time before the regulations are made; but the time must be no earlier than 6 April 2014.

8

1

The Commissioners for Her Majesty's Revenue and Customs may by regulations make provision specifying how any notice required to be given to an officer of Revenue and Customs under Part 1 of this Schedule is to be given.

2

In sub-paragraph (1) the reference to Part 1 of this Schedule is to that Part as amended from time to time by regulations under paragraph 7.

9

1

Regulations under paragraph 7 or 8 may include supplementary or incidental provision.

2

The powers to make regulations under paragraphs 7 and 8 are exercisable by statutory instrument.

3

A statutory instrument containing regulations under paragraph 7 or 8 is subject to annulment in pursuance of a resolution of the House of Commons.