Details of the Section
2.Subsection (1) provides that HM Treasury may make an order to repeal section 23 of and Schedule 2 to FA 2010 so that the high income excess relief charge is not introduced.
3.Subsection (2) provides that any order under subsection (1) must be made on or before 31 December 2010.
4.Subsection (3) provides that any order under subsection (1) is excluded from the provisions of section 1014 of the Income and Taxes Act 2007 (ITA). Section 1014 of ITA would have provided for the negative resolution procedure to apply to a statutory instrument made under the section.