Income Tax Act 2007 section 897

Power to make regulations

Section 897 gives HMRC the power to make regulations governing how income tax is deducted and accounted for in relation to UK public revenue dividends, subject to approval by the House of Commons.

• HMRC may make regulations setting out when and how persons must account for and pay over income tax deducted from UK public revenue dividends under section 892
• Regulations may modify the rules in section 892 and the related collection and recovery provisions (Chapters 15 and 16) as they apply to such payments
• Different rules may be made for different types of UK public revenue dividend and for different circumstances, and regulations may include incidental, supplemental, consequential and transitional provisions
• No regulations may come into force unless a draft has first been laid before and approved by a resolution of the House of Commons

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