SCHEDULES
C1SCHEDULE 18Serial tax avoidance
PART 4Restriction of reliefs
Power to amend
29
1
The Treasury may by regulations—
a
amend paragraph 20;
b
amend paragraph 26.
2
Regulations under sub-paragraph (1)(a) may, in particular, alter the application of paragraph 20 in relation to any relief, exclude any relief from its application or extend its application to further reliefs.
3
Regulations under sub-paragraph (1)(b) may amend the meaning of “relief” in any way (including by extending or limiting the meaning).
4
Regulations under this paragraph may—
a
make supplementary, incidental and consequential provision;
b
make transitional provision.
5
Regulations under this paragraph are to be made by statutory instrument.
6
A statutory instrument containing regulations under this paragraph may not be made unless a draft of the instrument has been laid before and approved by a resolution of the House of Commons.
Sch. 18 modified (17.12.2020 for specified purposes, 31.12.2020 in so far as not already in force) by 1994 c. 23, Sch. 9ZA para. 79 (as inserted by Taxation (Post-transition Period) Act 2020 (c. 26), s. 11(1)(e), Sch. 2 para. 2 (with s. 3(4), Sch. 2 para. 7(7)-(10)); S.I. 2020/1642, reg. 9)