SCHEDULES

SCHEDULE 7CT payment plans for tax on certain transactions with EEA residents

Power of repeal

5

1

The Treasury may by regulations—

a

repeal section 59FB of TMA 1970,

b

repeal Schedule 3ZC to TMA 1970, and

c

amend Schedule 56 to FA 2009 in consequence of those repeals.

2

Regulations under this paragraph may contain savings and transitional provisions.

3

Regulations under this paragraph are to be made by statutory instrument.

4

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