Finance Act 2021

Power to modify

14 (1) The Commissioners may by regulations amend or otherwise modify the following provisions of this Part of this Schedule—

(a) paragraph 6 (non-de minimis claims to be made after financial year);

(b) paragraph 7 (non-de minimis claims to be made in tax return);

(c) paragraph 8(3) (assumptions in determining if claim is de minimis).

(2) Regulations under this paragraph may include supplementary, incidental, consequential or transitional provision (including provision amending or otherwise modifying a provision of this Part of this Schedule not mentioned in sub-paragraph (1)).

(3) Regulations under this paragraph are of no effect in relation to a 2020 claim or 2021 claim made before the regulations come into force.

(4) No regulations under this paragraph may be made after 31 March 2023.