Section 71 | Tax provision consequential on Part 1 of Pensions Act 2008 etc

(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.