Corporation Tax Act 2010 section 1179

Power to undo changes

Section 1179 gives the Treasury a time-limited power to correct any unintended changes to the law that arose from the rewriting of corporation tax legislation into this Act.

• The Treasury may make orders to restore the law to its original effect where a provision of this Act has inadvertently changed the law, rather than simply restating it
• This corrective power expired on 31 March 2013, providing a reasonable window for rewriting errors to come to light while recognising that successive Finance Acts would make later corrections increasingly difficult
• Orders made under this power may amend, repeal or revoke provisions in this Act or any other Act (including Acts of the Scottish Parliament and Northern Ireland legislation), and may have retrospective effect where appropriate
• The power would not be exercised without the agreement of the Tax Law Rewrite Project's Consultative and Steering Committees, and was intended to allow corrections without needing a Finance Bill