# The Stamp Duty Reserve Tax (Amendment) Regulations 1988, Regulation 3: Amendments to regulation 2 of the Principal Regulations


In regulation 2 of the Principal Regulations in the definition of “accountable person” for paragraph (a) there shall be substituted —
“(a) in relation to a charge under section 87 of the Act (“section 87”) —
(i) if the person mentioned as B in section 87(1) is a market maker or broker and dealer, or if a broker and dealer is acting as an agent for B who is not a market maker or broker and dealer, the market maker or broker and dealer, and failing that
(ii) if the person mentioned as A in section 87(1) is a market maker or broker and dealer, or if a broker and dealer is acting as an agent for A who is not a market maker or broker and dealer, the market maker or broker and dealer, and failing that
(iii) if the person mentioned as B in section 87(1) is a qualified dealer, or if a qualified dealer is acting as an agent for B who is not a qualified dealer, the qualified dealer, and failing that
(iv) if the person mentioned as A in section 87(1) is a qualified dealer, or if a qualified dealer is acting as an agent for A who is not a qualified dealer, the qualified dealer, and failing that
(v) the person mentioned as B in section 87(1),”.

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Source: https://www.legislation.gov.uk/uksi/1988/835/regulation/3 (the official version)
Page: https://openlegislation.uk/stamp-duty-reserve-tax-amendment-regulations-1988/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.