Part 4

Pensions

Tax provision consequential on Part 1 of Pensions Act 2008 etc
71
1
The Treasury may by regulations make provision in relation to any of the relevant taxes in consequence of Part 1 of the Pensions Act 2008 or Part 1 of the Pensions (No.2) Act (Northern Ireland) 2008.
2
The provision that may be made by regulations under this section includes provision imposing any of the relevant taxes (as well as provisions for exemptions or reliefs).
3
The relevant taxes are—
a
income tax,
b
capital gains tax,
c
corporation tax,
d
inheritance tax,
e
value added tax,
f
stamp duty land tax,
g
stamp duty, and
h
stamp duty reserve tax.
4
Regulations under this section may include provision having effect in relation to any time before they are made if the provision does not increase any person's liability to tax.
5
Regulations under this section may make different provision for different cases.
6
Regulations under this section may include—
a
provision amending any enactment or instrument, and
b
consequential, supplementary and transitional provision.
7
Regulations under this section are to be made by statutory instrument.
8
A statutory instrument containing regulations under this section is subject to annulment in pursuance of a resolution of the House of Commons.