Commentary on Sections Overview Overview Section 871: Power to make regulations to give effect to Chapter
2632.This section gives the Commissioners for Her Majesty’s Revenue and Customs power to make regulations in relation to providing information, inspection of records by officers of Revenue and Customs, and generally giving effect to the Chapter. It is based on sections 477A, 482(11), (11A) and (12) of ICTA.
2633.As a number of the building society regulations will be enacted, the wide powers provided in section 477A(1) of ICTA have been replaced (in part) with specific regulation making powers. See Change 126 in Annex 1.
2634.Subsection (2) has been aligned to the wording of similar provisions. In particular it now includes a reference to supplemental and transitional provision and savings.