Tax Credits Act 2002 Schedule 4 paragraph 17

Amendment to regulation-making powers under Article 74

Paragraph 17 of Schedule 4 amends the regulation and order-making provisions in Article 74, so that the Treasury and the Commissioners of Inland Revenue have their own distinct power to make regulations by statutory instrument.

• Article 74, which governs how regulations and orders are made, is amended by this paragraph.
• The existing general rule for making regulations is made subject to a new carve-out for Treasury and Inland Revenue regulations.
• Where the Treasury or the Commissioners of Inland Revenue are given power to make regulations under the Order, that power overrides the usual regulation-making procedure.
• Any regulations made by the Treasury or the Commissioners of Inland Revenue under the Order must be made by statutory instrument.

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