Taxation (International and Other Provisions) Act 2010 section 499

Orders and regulations

Section 499 explains how the Treasury and HMRC make orders and regulations under this Act, and the Parliamentary procedures that apply to them.

• All orders and regulations under this Act must be made by statutory instrument.
• Statutory instruments are generally subject to the negative procedure, meaning the House of Commons can annul them by resolution.
• Certain regulations are exempt from the negative procedure, including those relating to double taxation relief, specific offshore fund provisions subject to the affirmative procedure, and transitional orders.
• An older provision in the Income and Corporation Taxes Act 1988 regarding pre-April 2010 orders does not apply to orders made by the Treasury under this Act before that date.

---