SCHEDULES

SCHEDULE 4Pensions: F1lump sum allowance and lump sum and death benefit allowance: transitional provision

Annotations:
Amendments (Textual)
F1

Words in Sch. 4 heading substituted (6.4.2024 for the tax year 2024-25 and subsequent tax years) by Finance Act 2024 (c. 3), Sch. 9 paras. 93(2), 124 (with Sch. 9 paras. 125-132)

PART 6Interpretation and regulations

Regulations

31

1

The Commissioners may by regulations amend Part 1, 2 or 3 of this Schedule.

2

Regulations under this paragraph may (for example)—

a

add to the cases in which paragraph 1(2) is to apply or is to cease to apply;

b

add to the cases in which paragraph 9(2) is to apply.

3

Regulations under this paragraph may include provision having effect in relation to a time before the regulations are made, but—

a

the time must not be earlier than 6 April 2016, and

b

the provision must not increase any person's liability to tax.

4

Regulations under this paragraph may include—

a

supplementary or incidental provision;

b

consequential amendments of the Table in section 98 of TMA 1970 (information requirements: penalties).

5

Power to make regulations under this paragraph is exercisable by statutory instrument.

6

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