Section 809EZH Powers to amend ChapterF1

(1)

The Treasury may by regulations amend this Chapter—

(a)

so as to change the definition of “investment scheme” for the purposes of this Chapter;

(b)

so as to change the definition of “participant” for those purposes;

F2(c)

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

(2)

Regulations under this section may—

(a)

make different provision for different purposes, and

(b)

contain incidental, supplemental, consequential and transitional provision and savings.

(3)

A statutory instrument containing regulations under this section to which subsection (4) 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.

(4)

This subsection applies if the regulations contain any provision which has or may have the effect of increasing any person's liability to tax.

(5)

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

Annotations

Textual amendments

F1: Pt. 13 Ch. 5E inserted (with effect in accordance with s. 21(4) of the amending Act) by Finance Act 2015 (c. 11), s. 21(1)
F2: S. 809EZH(1)(c) omitted (for the tax year 2026-27 and subsequent tax years (but in relation to investment management services whenever performed)) by virtue of Finance Act 2026 (c. 11), s. 58(6), Sch. 11 para. 3(8)