Part 10Social security income
F1CHAPTER 8High income child benefit charge
681FAlteration of income limit etc by Treasury order
(1)
The Treasury may by order—
(a)
substitute another amount for the amount for the time being specified in section 681B(1)(a) and defined as “L” in section 681C(2), or
(b)
substitute another amount for the amount defined as “X” in section 681C(2).
(2)
An order under this section has effect for tax years beginning after the order is made.
(3)
A statutory instrument containing an order under this section which increases any person's liability to income tax may not be made unless a draft of it has been laid before and approved by a resolution of the House of Commons.