Clause 25
Finance Bill
5:15 pm
Mark Hoban (Shadow Minister, Treasury; Fareham, Conservative)
I beg to move amendment 38, in clause 25, page 15, leave out lines 37 to 38 and insert
‘the Treasury may by regulations make provision for and in connection with the application of all relevant enactments as follows.
(1A) The Treasury may make regulations to—
(a) give effect to the agreement referred to in subsection (1), and
(b) give effect to subsection (3).
(1B) Regulations under this section may include provision having effect in relation to any time before they are made even if the provision creates or increases the liability to tax of P or such other person as is referred to in subsection (3).
(1C) Regulations under this section may include—
(a) provision amending any relevant enactment, and
(b) consequential, supplementary and transitional provisions.
(1D) Regulations under this section are to be made by statutory instrument subject to annulment in pursuance of a resolution of the House of Commons.’.