Commentary on Sections Example 3 £150(Pe) – £50(E) = £100 Section 286: Power to amend sections 279 to 285
1169.This section brings together the provisions dealing with the Treasury’s regulation-making powers. It derives from paragraphs 15 (expenses) and 23 (benefits) of Schedule 11A to ICTA.
1170.Subsection (1) provides powers that allow the Treasury to make regulations to extend sections 279 to 285 to bring within their scope benefits or expenses not otherwise covered.
1171.Subsections (2) and (3) allow the Treasury some latitude in what they may do and how they may do it.
Subsection (4) prevents the Treasury from making retrospective regulations under the powers in this section.