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Part 3 U.K.Income tax, corporation tax and capital gains tax

Chapter 6U.K.The London Olympic Games and Paralympic Games

66Section 65: supplementaryU.K.

(1)Regulations under section 65(5) to (8)—

(a)may make provision which applies generally or only in specified cases or circumstances,

(b)may make different provision for different cases or circumstances,

(c)may have retrospective effect, and

(d)may include incidental, consequential or transitional provision.

(2)Regulations under section 65 shall be made by statutory instrument.

(3)Regulations under section 65(5)—

(a)shall be subject to annulment in pursuance of a resolution of the House of Commons, or

(b)if they include provision by virtue of section 65(9), may not be made unless a draft has been laid before and approved by resolution of the House of Commons.

(4)Regulations under section 65(7) or (8) may not be made unless a draft has been laid before and approved by resolution of the House of Commons.

(5)In section 65 “the Host City Contract” has the meaning given by section 1 of the London Olympic Games and Paralympic Games Act 2006.

(6)Section 65 shall be treated as having come into force on 22nd October 2004.

(7)The Treasury may by order made by statutory instrument repeal section 65 and this section.