Income Tax Act 2007 section 871

Power to make regulations to give effect to Chapter

Section 871 gives HMRC the power to make regulations to support the operation of the Chapter, including requirements around information provision and record inspection.

• HMRC may make regulations to give effect to the provisions of this Chapter, covering areas such as information requirements and inspection of records by HMRC officers.
• The broad regulation-making powers from earlier legislation have been narrowed and replaced with more specific powers, as many building society rules have now been directly enacted in statute.
• Regulations made under this section may include supplemental, transitional, and savings provisions, aligning the wording with similar powers found elsewhere in tax legislation.
• The power ensures HMRC can adapt the detailed administrative requirements of the Chapter without needing primary legislation for every procedural change.