The Registered Pension Schemes (Enhanced Lifetime Allowance) (Amendment) Regulations 2006

Statutory Instruments

2006 No. 3261

inCome Tax

The Registered Pension Schemes (Enhanced Lifetime Allowance) (Amendment) Regulations 2006

Made

6th December 2006

Laid before the House of Commons

7th December 2006

Coming into force

28th December 2006

The Commissioners for Her Majesty’s Revenue and Customs make the following Regulations in exercise of the powers conferred on them by paragraphs 11A(1)(c) and 15A(1)(b) of Schedule 36 to the Finance Act 2004(1), and in exercise of the powers conferred by sections 220(5), 221(6), 224(9), 251(1) and (6) and 256 of, and paragraphs 7(1)(b), 12(1) and 18(6) of Schedule 36 to the Finance Act 2004(2), and section 113(1) of the Taxes Management Act 1970(3), and now exercisable by them(4).

(1)

2004 c. 12; paragraphs 11A and 15A of Schedule 36 were respectively inserted by paragraphs 38 and 41 of Schedule 23 to the Finance Act 2006 (c. 25).

(2)

Section 256 was amended by paragraph 42 of Schedule 23 to the Finance Act 2006; section 251(6) is recited for the meaning given to the word “prescribed”.

(3)

1970 c. 9.

(4)

The functions of the Commissioners of Inland Revenue were transferred to the Commissioners for Her Majesty’s Revenue and Customs by section 5(2) of the Commissioners for Revenue and Customs Act 2005 (c. 11). Section 50 of that Act provides that in so far as it is appropriate in consequence of section 5 a reference in an enactment, however expressed, to the Commissioners of Inland Revenue is to be read as a reference to the Commissioners for Her Majesty’s Revenue and Customs.