Paragraph 81

United Kingdom

(1)

The Treasury may, by order made by statutory instrument, make such amendments of this Schedule as they consider appropriate in consequence of—

(a)

any change made to or replacement of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 ( S.I. 2001/544) (or any replacement),

(b)

any change made to the F1PRA F2Rulebook, F3...

(c)

any change in international accounting standards F4... F5, or

(d)

any regulatory requirement, or change to any regulatory requirement, imposed by EU legislation, or by or under any Act (whenever adopted, enacted or made).

F6(1A)

The Treasury may by regulations made by statutory instrument—

(a)

amend Part 8 of this Schedule (definitions);

(b)

amend other Parts of this Schedule in consequence of provision made under paragraph (a).

(1B)

An order under sub-paragraph (1) or regulations under sub-paragraph (1A) may include transitional provision.

(2)

An order under F7sub-paragraph (1) may have retrospective effect in relation to—

(a)

any chargeable period in which the order is made, or

F8(b)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F9(c)

in the case of an order made on or before 30 June 2022, in relation to any chargeable period ending on or after 1 January 2022.

F10(2A)

Regulations under sub-paragraph (1A) made on or before 30 June 2022 may have retrospective effect in relation to any chargeable period ending on or after 1 January 2022.

(3)

A statutory instrument containing F11only an order under sub-paragraph (1) is subject to annulment in pursuance of a resolution of the House of Commons.

F12(4)

Any other statutory instrument containing provision made under this paragraph may not be made unless a draft of the instrument has been laid before and approved by a resolution of the House of Commons.

Annotations

Textual amendments

F1: Words in Sch. 19 para. 81(1)(b) substituted (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments) Order 2013 (S.I. 2013/636) , art. 1(2) , Sch. para. 15(7)
F2: Word in Sch. 19 para. 81(1)(b) substituted (5.4.2022 with application in relation to any chargeable period ending on or after 1.1.2022) by The Taxation of Banks (Amendments to the Corporation Tax Act 2009, Corporation Tax Act 2010 and Finance Act 2011) Regulations 2022 (S.I. 2022/286), regs. 1(2)(9), 18
F3: Word in Sch. 19 para. 81(1)(b) omitted (17.7.2014) by virtue of Finance Act 2014 (c. 26), Sch. 26 para. 12 (with Sch. 26 para. 13)
F4: Words in Sch. 19 para. 81(1)(c) omitted (with effect in accordance with Sch. 9 para. 35 of the amending Act) by virtue of Finance Act 2018 (c. 3), Sch. 9 para. 34
F5: Sch. 19 para. 81(1)(d) and word inserted (17.7.2014) by Finance Act 2014 (c. 26), Sch. 26 para. 12 (with Sch. 26 para. 13)
F6: Sch. 19 para. 81(1A)(1B) inserted (10.6.2021) by Finance Act 2021 (c. 26), s. 134(7)(a)
F7: Words in Sch. 19 para. 81(2) substituted (10.6.2021) by Finance Act 2021 (c. 26), s. 134(7)(b)(i)
F8: Sch. 19 para. 81(2)(b) omitted (10.6.2021) by virtue of Finance Act 2021 (c. 26), s. 134(7)(b)(ii)
F9: Sch. 19 para. 81(2)(c) inserted (10.6.2021) by Finance Act 2021 (c. 26), s. 134(7)(b)(iii)
F10: Sch. 19 para. 81(2A) inserted (10.6.2021) by Finance Act 2021 (c. 26), s. 134(7)(c)
F11: Words in Sch. 19 para. 81(3) substituted (10.6.2021) by Finance Act 2021 (c. 26), s. 134(7)(d)
F12: Sch. 19 para. 81(4) inserted (10.6.2021) by Finance Act 2021 (c. 26), s. 134(7)(e)

Notes on Part 9

Textual amendments

F1: Sch. 19 Pt. 9 heading substituted (10.6.2021) by Finance Act 2021 (c. 26), s. 134(6)