Section 273 | Powers

(1)The Treasury may by regulations made by statutory instrument—

(a)amend section 266(1)—

(i)to add a tax, or a matter relating to tax, to the matters in relation to which an HMRC officer may give an advance tax clearance, or

(ii)to remove a matter in relation to which an HMRC officer may give such a clearance;

(b)amend section 266(2) to (4) (definition of qualifying investment project).

(2)Regulations under subsection (1)—

(a)may make transitional and saving provision;

(b)may make incidental or consequential provision amending sections 266 to 272 and 274.

(3)A statutory instrument containing regulations under subsection (1) may not be made unless a draft of the instrument has been laid before and approved by a resolution of the House of Commons.

(4)The Treasury may by regulation made by statutory instrument provide that specified enactments relating to penalties imposed in connection with tax (including enactments relating to assessments, review and appeal) are to apply, with or without modifications, in relation to penalties imposed under section 269, 270 or 271.

(5)A statutory instrument containing regulations under subsection (4) is subject to annulment in pursuance of a resolution of the House of Commons.