Section 873 | Orders and regulations made by Treasury or Commissioners

(1)Any power of the Treasury or the Commissioners for Her Majesty’s Revenue and Customs to make any order or regulations under this Act is exercisable by statutory instrument.^F1

(2)Any statutory instrument containing any order or regulations made by the Treasury or the Commissioners for Her Majesty’s Revenue and Customs under this Act is subject to annulment in pursuance of a resolution of the House of Commons.^F1

(3)Subsection (2) does not apply in relation to any order or regulations made under—

(a)section 86 (meaning of “urban regeneration company”),

(b)section 724 (purchased life annuity payments),

(ba)Repealed^F2

(c)section 774 (income from securities issued by designated international organisations),

(ca)section 828A (qualifying care relief: indexation of amounts), or^F3

(d)section 883(5) (transitional or saving provision).

(4)Further, subsection (2) does not apply if any other Parliamentary procedure is expressly provided to apply in relation to the order or regulations.^F4