Section 809EZH — Income Tax Act 2007: Powers to amend Chapter

Powers to amend Chapter 809EZH 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;

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.