Paragraph 41 Regulations

United Kingdom

(1)

A power to make regulations under this Schedule includes power to make—

(a)

consequential, supplementary, incidental, transitional or saving provision;

(b)

provision having retrospective effect.

(2)

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

(3)

Sub-paragraph (4) applies to—

(a)

regulations under paragraph 2,

(b)

regulations under this Schedule that have the effect of limiting the application of, reducing or removing any existing relief or exemption from tax, or

(c)

regulations under this Schedule which have retrospective effect, other than regulations having retrospective effect which provide for a new or increased relief or a new exemption.

(4)

A statutory instrument containing (whether alone or with other provision) regulations to which this sub-paragraph applies may not be made unless a draft of the instrument has been laid before and approved by a resolution of the House of Commons.

(5)

Any other statutory instrument containing regulations under this Schedule is subject to annulment in pursuance of a resolution of the House of Commons.