Part 2 of Schedule 18 to FA 2011 (lifetime allowance charge: commencement and transitional provision relating to changes made for the tax year 2012-13 and onwards) is amended as follows.
In paragraph 14—
omit sub-paragraphs (2) and (15) to (17) (which confer power on the HMRC Commissioners to make provision specifying how notices under paragraph 14 are to be given),
in sub-paragraph (7) omit "the annual rate of" where it first appears, and
in sub-paragraph (11) after "(5)(a)" insert ." and (c)(i) "
After paragraph 14 insert—
The amendments made by subsection (2)(b) and (c) are treated as having come into force on 6 April 2012.
The Registered Pension Schemes (Lifetime Allowance Transitional Protection) Regulations 2011 (S.I. 2011/1752) are to continue to have effect and, so far as they were made under paragraph 14(2) and (15) of Schedule 18 to FA 2011, are to be treated as if they were made under paragraphs 16 and 17(1) of that Schedule (as inserted by subsection (3) above).