Commentary on Sections Overview Overview Section 962: Power to make regulations modifying Chapter
2936.This section allows the Commissioners for Her Majesty’s Revenue and Customs to make regulations for the collection of income tax in respect of section 946 payments. It is based on sections 350 and 477A of ICTA.
2937.The section also confirms that this power applies to payments made by deposit-takers and building societies. See Change 146 in Annex 1.
2938.Subsection (4) has been aligned to the wording of similar provisions. In particular it now includes a reference to incidental and consequential amendments.