Section 357XI | Power to make provision about meaning of “back-office activities”

(1)The Treasury may by regulations make provision about the meaning of “back-office activities” for the purposes of this Part.

(2)Regulations under this section may, in particular—

(a)specify activities that are, or are not, back-office activities, or

(b)specify circumstances in which activities are, or are not, to be regarded as back-office activities.

(3)Regulations under this section—

(a)may make different provision for different purposes;

(b)may make incidental, supplemental, consequential and transitional provision and savings.