# The Stamp Duty and Stamp Duty Land Tax (Consequential Amendment of Enactments) Regulations 2003, Note: Explanatory note


(This note is not part of the Regulations)
These Regulations make amendments to legislation consequent upon the provisions of Part 4 of the Finance Act 2003 (c. 14) and the abolition of stamp duty except on instruments relating to stock or marketable securities (see section 125 of that Act).
Regulation 1 provides for citation and commencement.
Regulation 2 makes amendments to section 88 of the Companies Act 1985 (c. 6). The purpose of the amendments is to remove the requirement to stamp the prescribed particulars of a contract which a company is required under subsection (3) of that section to deliver to the registrar of companies.
Regulation 3 amends provisions of the 1986 Act relating to stamp duty reserve tax. The purpose of the amendments is to ensure that the repayment and cancellation of stamp duty reserve tax, and the scope of the charge to that tax, are not affected by the abolition of stamp duty (except on instruments relating to stock or marketable securities).
Regulation 4 amends section 92(1B) of the 1986 Act (repayment or cancellation of tax).
Regulation 5 amends section 99 of the 1986 Act (interpretation: meaning of “chargeable securities”).

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Source: https://www.legislation.gov.uk/uksi/2003/2868/note (the official version)
Page: https://openlegislation.uk/stamp-duty-and-stamp-duty-land-tax-consequential-amendment-of-enactments-regulations-2003/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.