SCHEDULES

SCHEDULE 16Penalties for enablers of defeated tax avoidance

PART 12General

Regulations

57

1

Any regulations under this Schedule must be made by statutory instrument.

2

A statutory instrument which contains (alone or with other provision) any regulations within sub-paragraph (3) may not be made unless a draft of the instrument has been laid before, and approved by a resolution of, the House of Commons.

3

Regulations within this sub-paragraph are—

a

regulations under paragraph 12;

b

regulations under paragraph 14(1);

c

regulations under paragraph 14(2) which amend or repeal any provision of this Schedule;

d

regulations under paragraph 51;

e

regulations under paragraph 54.

4

A statutory instrument containing only—

a

regulations under paragraph 14(2) which do not amend or repeal any provision of this Schedule, or

b

regulations under paragraph 44,

is subject to annulment in pursuance of a resolution of the House of Commons.