Regulation 11 Amendment of the Stamp Duty Reserve Tax Regulations 1986 coming into force on 1st April 2011

(1)

Amend regulation 18 (recovery of over-repayment of tax, etc)^f1 as follows.

(2)

In paragraph (2)—

(a)

after “(3)” insert “and (3A)”; and

(b)

for “6” substitute “4”.

(3)

For paragraph (3) substitute—

“(3)
In any case where a repayment is brought about carelessly the period mentioned in paragraph (2) shall be 6 years from the date specified in paragraph (2).

(3A)
In any case where a repayment is brought about deliberately the period mentioned in paragraph (2) shall be 20 years from the date specified in paragraph (2). ”.

Annotations

Footnotes

f1: Regulation 18 has been amended by S.I. 1997/2430.