(1)The Treasury may make a scheme identifying property, rights and liabilities of the old commissioners which shall on commencement vest not in the new commissioners but in the Director of Revenue and Customs Prosecutions.
(2)A scheme shall have effect—
(a)in so far as it excludes anything from the operation of section 48, on the coming into force of that section, and
(b)in so far as it vests anything in the Director of Revenue and Customs Prosecutions, upon the coming into force of section 35.
(3)A scheme may include consequential and incidental provision and may, in particular—
(a)apply (with or without modification) or make provision similar to any provision of section 48;
(b)modify the effect of section 48(2), (3), (5), (6) or (7);
(c)make provision for shared ownership, use or access.
(4)The Treasury may require the new commissioners to transfer specified property, rights and liabilities to the Director of Revenue and Customs Prosecutions (and the commissioners shall comply).
(5)In relation to any matter that becomes a function of the Director of Revenue and Customs Prosecutions under section 35, section 48(2), (3), (5), (6) and (7) shall have effect with—
(a)the substitution of a reference to the Director for any reference to the new commissioners or to an officer of Revenue and Customs (or officers of Revenue and Customs), and
(b)the substitution of a reference to this section and anything done under it for a reference to section 48.
(6)In this section the following expressions have the same meaning as in section 48—
(a)“commencement”,
(b)“the old commissioners”, and
(c)“the new commissioners”.
Commencement Information
I1S. 49 in force at 7.4.2005 by S.I. 2005/1126, art. 2(1)