CHAPTER 1CHAPTER 1
54Power to make provision for tax credits
(1)Regulations may make provision for circumstances in which a person is to be entitled to a tax credit in respect of the tax.
(2)The regulations may (among other things) make provision—
(a)about conditions to which entitlement to a credit is to be subject;
(b)about the amount of a credit;
(c)about the way in which a person entitled to a credit is to benefit from it (for example, provision for deductions to be made from the tax that would otherwise be chargeable on a person, and for payments to be made to a person, in circumstances prescribed in the regulations);
(d)about the procedure for claiming a credit (for example, provision about information to be provided by a claimant in support of a claim);
(e)about conditions to which any benefit in respect of a credit is to be, or may be, made subject (for example, conditions requiring payments or repayments to be made to WRA in circumstances prescribed in the regulations);
(f)about circumstances in which WRA may withhold a credit;
(g)permitting WRA to require the provision of information and documents, and to inspect premises, either in connection with a requirement imposed under the regulations, or otherwise for the purpose of checking a person’s position as respects entitlement to a credit, or as respects a requirement to make a repayment to WRA under the regulations;
(h)about duties to keep and preserve records;
(i)for penalties in respect of failures to comply with requirements imposed by or under the regulations;
(j)about reviews and appeals.
(3)The regulations may amend or apply (with or without modifications) any enactment relating to the tax.