Corporation Tax Act 2010 section 773

Power to make further exceptions

Section 773 gives the Treasury the power to make regulations creating additional exceptions to the finance arrangement rules in sections 758 to 769.

• The Treasury may prescribe by regulation further circumstances in which a finance arrangement code does not apply.
• Such regulations may amend sections 771 and 772, which set out existing exceptions.
• Regulations can apply retrospectively, but not to any time before 6 June 2006.
• The power includes the ability to make different provision for different cases and to include incidental, supplemental, consequential and transitional provisions and savings.