Income Tax Act 2007 section 324

Regulations under Chapter

Section 324 sets out the scope and powers available to the Treasury and HMRC when making regulations under this Chapter, including administrative provisions, information-gathering powers, and the ability to make retrospective rules.

• Regulations may include administrative provisions such as advance clearance procedures and the ability to withdraw clearances, as the Treasury considers necessary or appropriate.
• HMRC may issue notices requiring any person to provide specified information reasonably needed to check whether regulatory conditions are being met.
• Regulations may make different provision for different cases and may include incidental, supplemental, consequential, transitional provisions, savings, and provisions with retrospective effect.
• Any regulation-making power under this Chapter may also allow HMRC to exercise discretion in dealing with any matter, without limiting any other specific provision in the Chapter.