{
  "url": "https://openlegislation.uk/stamp-duty-reserve-tax-regulations-1986/note",
  "json_url": "https://openlegislation.uk/stamp-duty-reserve-tax-regulations-1986/note.json",
  "legislation": "uksi/1986/1711",
  "legislation_title": "The Stamp Duty Reserve Tax Regulations 1986",
  "legislation_url": "https://openlegislation.uk/stamp-duty-reserve-tax-regulations-1986",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "These Regulations provide for the management of stamp duty reserve tax imposed by Part IV of the Finance Act 1986.\nRegulation 1 gives the title and commencement date and Regulation 2defines terms used.\nRegulation 3 provides the date by which tax must be paid.\nRegulation 4 provides for the giving of notice of charge to the Inland Revenue and for the payment of tax.\nRegulation 5 enables the Inland Revenue to obtain information.\nRegulation 6 enables the Inland Revenue to determine matters specified in a notice of determination.\nRegulation 7 enables certain persons to claim to be relieved of liability to pay tax.\nRegulations 8–10 provide for the giving of notices of appeal and late appeals.\nRegulation 11 provides that interest shall be paid on overpaid tax that is repaid.\nRegulation 12 provides for the recovery of tax and Regulation 13 makes provision in respect of underpayments of tax.\nRegulation 14 provides for the repayment of tax overpaid together with any interest paid on such tax.\nRegulation 15 provides that certain records shall be made available for inspection by the Inland Revenue.\nRegulation 16 provides that certain certificates shall be admissible in evidence.\nRegulation 17 provides that tax liability shall remain unaltered notwithstanding a subsequent legal decision or changed view of the law.\nRegulation 18 provides for the recovery of over repayments of tax and overpayments of interest.\nRegulation 19 provides for the service of documents.\nRegulation 20 applies the provisions of Taxes Management Act 1970 specified in the first column of the Table in Part I of the Schedule to the Regulations, with the modifications specified in the second column of that Table. Those provisions, as modified where appropriate, are set out in Part II of the Schedule.\nRegulation 21 disapplies certain provisions of the Inland Revenue Regulation Act 1890.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1986/1711/note",
    "retrieved_at": "2026-10-29T16:40:29.504184+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}