(1)The Treasury may by order amend the alternative finance provisions.
(2)The amendments which may be made by such an order include—
(a)the variation of provision already included in the alternative finance provisions, and
(b)the introduction into the alternative finance provisions of new provision relating to alternative finance arrangements.
(3)In subsection (2)(b) “alternative finance arrangements” means arrangements which in the Treasury's opinion—
(a)equate in substance to a loan, deposit or other transaction of a kind that generally involves the payment of interest, but
(b)achieve a similar effect without including provision for the payment of interest.
(4)An order under subsection (1) may, in particular—
(a)make provision of a kind similar to provision already made by the alternative finance provisions,
(b)make other provision about the treatment for the purposes of the Tax Acts of arrangements to which the order applies,
(c)make provision generally or only in relation to specified cases or circumstances,
(d)make different provision for different cases or circumstances, and
(e)make incidental, supplemental, consequential and transitional provision and savings.
(5)An order making consequential provision under subsection (4)(e) may, in particular, include provision amending a provision of the Tax Acts.
(6)In this section “the alternative finance provisions” means—
(a)section 367A of ICTA,
(b)Chapter 4 of Part 4 of TCGA 1992,
(c)sections 372A to 372D, Part 10A and section 1005(2A) of ITA 2007,
(d)Chapter 6 of Part 6 of CTA 2009,
(e)sections 110, 256 to 259 and 1019 of CTA 2010.
(7)An order under this section that—
(a)includes such amendments as are mentioned in subsection (2)(b), or
(b)amends an enactment not contained in the alternative finance provisions but contained in an Act,
may only be made if a draft of the statutory instrument containing the order has been laid before and approved by a resolution of the House of Commons.