Section 873 Orders and regulations made by Treasury or CommissionersF5

United Kingdom

(1)

Any power of the Treasury or F1the Commissioners for Her Majesty’s Revenue and Customs to make any order or regulations under this Act is exercisable by statutory instrument.

(2)

Any statutory instrument containing any order or regulations made by the Treasury or the Commissioners for Her Majesty’s Revenue and Customs under this Act is subject to annulment in pursuance of a resolution of the House of Commons.

(3)

Subsection (2) does not apply in relation to any order or regulations made under—

(a)

section 86 (meaning of “urban regeneration company”),

(b)

section 724 (purchased life annuity payments),

F2(ba)

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

(c)

section 774 (income from securities issued by designated international organisations),

F3(ca)

section 828A (qualifying care relief: indexation of amounts), or

(d)

section 883(5) (transitional or saving provision).

C1(F44)

Further, subsection (2) does not apply if any other Parliamentary procedure is expressly provided to apply in relation to the order or regulations.

Annotations

Textual amendments

F1: Words in s. 873(1)(2) substituted (18.4.2005) by Commissioners for Revenue and Customs Act 2005 (c. 11), ss. 50, 53(1), Sch. 4 para. 132(2); S.I. 2005/1126, art. 2(2)(h)
F2: S. 873(3)(ba) omitted (with effect in accordance with s. 20(12) of the amending Act) by virtue of Finance Act 2025 (c. 8), s. 20(5)(12)
F3: S. 873(3)(ca) inserted (6.4.2023 for the tax year 2023-24 and subsequent tax years) by Finance (No. 2) Act 2023 (c. 30), s. 28(5)(6)
F4: S. 873(4) inserted (with effect in accordance with Sch. 19 para. 14 of the amending Act) by Finance Act 2009 (c. 10), Sch. 19 para. 8
F5: Word in s. 873 substituted (18.4.2005) by Commissioners for Revenue and Customs Act 2005 (c. 11), ss. 50, 53(1), Sch. 4 para. 132(3)(h); S.I. 2005/1126, art. 2(2)(h)

Modifications

C1: S. 873(4) excluded by 2009 c. 10, Sch. 19 para. 14(3) (as inserted (with effect in accordance with Sch. 1 para. 73 of the amending Act) by Finance Act 2016 (c. 24), Sch. 1 para. 66(3))