Section 98 Administration etc.

United Kingdom

(1)

The Treasury may make regulations —

(a)

providing that provisions of the Taxes Management Act 1970 M1 specified in the regulations shall apply in relation to stamp duty reserve tax as they apply in relation to a tax within the meaning of that Act, with such modifications (specified in the regulations) as they think fit;

(b)

making with regard to stamp duty reserve tax such further provision as they think fit in relation to administration, assessment, collection and recovery.

(1A)

F1The power conferred on the Treasury by subsection (1) above includes power to make provision conferring or imposing on the Board functions which involve the exercise of a discretion.

(2)

The power to make regulations under subsection (1) above shall be exercisable by statutory instrument subject to annulment in pursuance of a resolution of the House of Commons.

Annotations

Textual amendments

F1: S. 98(1A) inserted (29.4.1996) by Finance Act 1996 (c. 8), s. 195

Marginal citations

M1: 1970 c. 9.

Modifications

C1: S. 98(1) extended (retrospectively) by Finance Act 1999 (c. 16), ss. 121 (with s. 123(4))