Apart from explaining what the SRT Schedule contains,2 s. 218 provides the Treasury with a power to make any incidental, supplemental, consequential, transitional or saving provisions in consequence of the SRT Schedule.3 The power is exercisable by order made by statutory instrument.4 Any such statutory instrument is subject to annulment by resolution of the House of Commons.5 That is, it is subject to the negative resolution procedure.

At the Report Stage of Parliament’s consideration of the Finance Bill 2013, the Exchequer Secretary to the Treasury, David Gauke, was asked by Catherine McKinnell, the Labour member for Newcastle Upon Tyne North:

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