Introduction Details of the Section
2.Subsections (2) and (3) repeal sections 65 and 96 ITEPA respectively, which govern the application for, issue of, and revocation of dispensations.
3.Subsection (4) makes a number of consequential amendments to ITEPA as a result of the omission of sections 65 and 96.
4.Subsection (5) sets out that the amendments come into force from 6 April 2016.
5.Subsections (6) to (8) preserve HMRC’s powers to revoke dispensations retrospectively in respect of dispensations that are in place prior to 6 April 2016.