Income Tax Act 2007 section 257EG

Power to amend sections 257EC and 257ED

Section 257EG grants the Treasury the power to amend the rules on SEIS compliance certificates and compliance statements by secondary legislation, without the need for a new Act of Parliament.

• The Treasury may amend the compliance certificate requirements (section 257EC) and the compliance statement requirements (section 257ED) by order.
• This power allows administrative processes for SEIS relief claims to be updated flexibly without primary legislation.
• Any such order may include incidental, supplemental, consequential, and transitional provisions.
• The order may also include savings provisions to protect existing arrangements during the transition to new rules.