PART 3Economic crime (anti-money laundering) levy

64Regulations

1

Regulations under this Part—

a

may make different provision for different purposes;

b

may include incidental, consequential, supplementary, transitional or transitory provision;

c

may have effect in relation to the financial year during which the regulations are made.

2

Regulations under this Part may make provision by reference to things specified in a notice that is—

a

published by the HMRC Commissioners, or another appropriate collection authority, in accordance with the regulations, and

b

not withdrawn by a further notice.

3

The power of the Treasury to make regulations under this Part may instead be exercised by the HMRC Commissioners.

4

Before making regulations under this Part the Treasury must consult each appropriate collection authority.

5

Before making regulations under this Part the HMRC Commissioners must consult the Treasury and each of the other appropriate collection authorities.

6

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

7

Except as provided by subsection (8), a statutory instrument containing regulations under this Part is subject to annulment in pursuance of a resolution of the House of Commons.

8

A statutory instrument containing (whether alone or with other provision) regulations of the following kinds may not be made unless a draft of the instrument has been laid before, and approved by a resolution of, the House of Commons—

a

regulations under section 58(2) that make provision falling within section 58(3)(k);

b

regulations under section 63 that amend or repeal any provision of an Act of Parliament.