Income Tax Act 2007 section 257PE

Power to amend Chapter

Section 257PE grants the Treasury a broad power to amend by order the provisions of this Chapter, which deals with the procedures relating to claims for social investment tax relief.

• The Treasury may amend this Chapter by statutory order, without requiring a new Act of Parliament.
• Any such order may include consequential, incidental, or transitional provisions, as well as amendments or repeals of existing legislation whenever passed.
• Orders may make different provision for different cases or purposes, allowing flexibility in application.
• Orders may introduce penalties of up to a maximum of £3,000 for non-compliance.