[4B Earnings: power to make retrospective provision in consequence of retrospective tax legislation]
Social Security Contributions and Benefits Act 1992 (1992 c 4) | Legislation

[4B  Earnings: power to make retrospective provision in consequence of retrospective tax legislation]

[(1)     This section applies where—

(a)     a provision of the Income Tax Acts which relates to income tax chargeable under the employment income Parts of ITEPA 2003 is passed or made so as to have retrospective effect (“the retrospective tax provision”), and

(b)     it appears to the Treasury to be appropriate to make regulations under a relevant power for the purpose of reflecting the whole or part of the provision made by the retrospective tax provision.

(2)     Those regulations may be made so as to have retrospective effect if it appears to the Treasury to be expedient, in consequence of the retrospective tax provision, for the regulations to have that effect.

(3)     A “relevant power” means a power to make regulations under any of the following provisions—

(a)     section 3 (power to prescribe the manner and basis of the calculation or estimation of earnings);

(b)     section 4(6) (power to treat amounts chargeable

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