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Paragraph 18 F1

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

  • Sch. A1 amendment to earlier affecting provision 2017 c. 32, s. 60 by Finance Act 2018 Sch. 6 para. 7(2)(a)
  • Sch. A1 amendment to earlier affecting provision 2017 c. 32, s. 60 by Finance Act 2018 Sch. 6 para. 7(2)(b)
(1)

Regulations under this Schedule may—

(a)

make provision which applies generally or only for specified cases or purposes;

(b)

make different provision for different cases or purposes;

(c)

include incidental, supplemental, consequential, saving, transitional or transitory provision;

(d)

make provision for matters to be specified by the Commissioners in accordance with the regulations.

(2)

Sub-paragraph (1)(d) does not apply to any interval, time or period specified by virtue of paragraph 7(3) (which may be specified only by the regulations).

(3)

Regulations under this Schedule may make provision for a F2relevant person or relevant partnership, but who would not otherwise be subject to a requirement imposed by the regulations, to elect to be subject to that requirement.

(4)

Regulations under this Schedule may provide that, for the purposes of any provision of this Schedule or of the regulations, a change in the accounting date of a business is to be disregarded (and its period of account determined accordingly).

(5)

The power to make regulations under this Schedule is exercisable by statutory instrument.

(6)

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

Annotations

Textual amendments

F1

Sch. A1 inserted (1.4.2026) by Finance (No. 2) Act 2017 (c. 32), s. 60(3)(4) (as amended by Finance Act 2018 (c. 3), Sch. 6 para. 7(2)); S.I. 2026/356, reg. 2

F2

Words in Sch. A1 para. 18(3) substituted (1.4.2026) by Finance Act 2026 (c. 11), s. 256(8)(9); S.I. 2026/356, reg. 2