# The Stamp Duty Reserve Tax Regulations 1986, Part I: TABLE

Extent: E+W+S+N.I.

Provision applied
Modifications
Section 23(1)
—
(2)
For the words “five shillings” substitute “25 pence”.
(3)
For the word ““security”” substitute ““securities””; and for the words “includes shares, stock, debentures and debenture stock” substitute “means chargeable securities”.
25(1)
For the words “chargeable gains an inspector” substitute “relevant transactions the Board”; and omit the words “in writing”.
(2)
—
(3)
—
(4)
For the words “stock exchange in the United Kingdom, other than a market maker,” substitute “recognised investment exchange or a market of the kind described in paragraph 36(2) of Part III of the Schedule to the Financial Services and Markets Act 2000 (Exemption) Order 2001 (“EEA regulated market”)”.
(5)
For the words “a stock exchange in the United Kingdom” substitute “a recognised investment exchange or an EEA regulated market”; and omit the words “after 5th April 1968 and”.
(8)
—
(9)
For the words ““company”” to the end substitute ““shares or securities” means chargeable securities and “company” shall be construed accordingly”.
26(1)
For the words “chargeable gains” substitute “relevant transactions”; omit the words “in writing”; and omit the words “or an inspector”.
(2)
For the words “include” to the end substitute “are references to chargeable securities”.
...
...
47C
—
49A(1) to (3)
—
49B
—
49C
in subsection (4) from “is to be treated” to the end substitute “is to be treated as conclusive for the purposes of Part IV of the Finance Act 1986 ... against a person on whom the notice is served.” and omit subsection (5)
49D and 49E
—
49F
in subsection (2) from “are to be treated” to the end substitute “are to be treated as conclusive for the purposes of Part IV of the Finance Act 1986 ... against a person on whom the notice is served” and omit subsection (3)
49G, 49H, 49I
—
...
...
...
...
...
...
...
...
...
...
...
...
...
...
60
—
61
—
63(1)
—
(2)
—
63A(1)
—
(2)
—
65(1)
For paragraphs (a) and (b) there shall be substituted “the amount of any tax for the time being due and payable is less than £1,000,”.
(4)
—
66(1)
For the words “any assessment” substitute “the Act”.
(2)
—
(2A)
—
(3)
—
(4)
—
67(1)
Omit the words “under any assessment”.
(2)
—
68
—
69
For the words “Part IX of this” substitute “the”; omit the words “charged and”; and omit the words “under the assessment” to the end.
71(2)
For the words “chargeable to” substitute “accountable or liable for”; omit the word “income”; for the words “Income Tax Acts” substitute “Act”; and omit the words “for the purpose of the assessment of the body”.
(3)
Omit the word “income”; for the words “charged on the body” substitute “for which the body is accountable or liable”; and for the words “Income Tax Acts” substitute “Act”.
...
...
...
...
74(1)
For the words “chargeable to income” substitute “accountable or liable for”; and for the words “chargeable on such deceased person” substitute “for which such deceased person is accountable or liable”.
(2)
—
78(1)
Omit the words from the beginning to “(Schedule A etc.)”; omit the words “whether a British subject or not”; for the words “assessable and chargeable to income” substitute “accountable or liable for”; omit the words from “whether the branch” to “or gains or not”; for the words “assessed and charged” substitute “accountable or liable”; and omit the words from “and in the actual receipt” to the end.
83(1)
For the words “in whose name” substitute “who is accountable or liable in respect of”; omit the words “is chargeable”; for the words “Income Tax Acts” substitute “Act”; and for the words “of assessment and payment of income tax” substitute “thereof”.
(2)
For the words “has been charged” substitute “is accountable or liable”; for the words “Income Tax Acts” in both places in which they occur substitute “Act”; and for the word “charged” substitute “for which he is accountable or liable”.
86(1)
For the words “The following” to “section 55 or 59B of this Act,” substitute “Tax which becomes due and payable”; and for the words “the relevant date” substitute “1st October 1999 or the accountable date, whichever is the later,”.
(3)
For the word “relevant” substitute “accountable”.
...
...
...
...
90
—
93(1)
For the words “where” to “with the notice” substitute “where any person (the taxpayer) fails to give a notice which he is required to give under regulation 4 or 4A of the Stamp Duty Reserve Tax Regulations 1986”.
(2)
—
...
...
(5)
For the words “to (4)” substitute “and (3)”; and for the words from “if” to the end substitute “if the failure by the taxpayer to give the notice continues after the end of a period of one year beginning on the last day on which the notice should have been given, he shall be liable to a penalty of an amount not exceeding the amount of the tax which he should have paid by the date by which he should have given the notice”.
(6)
—
95(1)
In paragraph (a) for the word “delivers” substitute “gives”; and for the words from “return” to “Act)” substitute “notice under regulation 4 or 4A of the Stamp Duty Reserve Tax Regulations 1986”; in paragraph (b) omit the word “return,”; for the words “in connection with” substitute “in, or in connection with,”; omit the words “for any allowance, deduction or relief”; and for the words “income tax or capital gains” substitute “stamp duty reserve”; omit paragraph (c) and the word “or” immediately preceding it.
(2)
In paragraph (a) for the words “income tax and capital gains” substitute “stamp duty reserve”; omit the words “for” to “assessment”; and omit the words “including” to “repayable”; in paragraph (b) for the word “return” substitute “notice”; after the word “statement” insert “or”; omit the words “or accounts”; after the word “as” insert “given or”; and omit the words “or submitted”.
97(1)
For the word “return” in both places in which it occurs substitute “notice”; after the word “statement” in both places in which it occurs insert “or”; omit the words “or accounts” in both places in which they occur; for the words “sections 95 and 96” substitute “section 95”; for the words “made or submitted” in both places in which they occur substitute “given or made”; and for the words “those sections” substitute “that section”.
98(1)
Omit the words “Subject to the provisions of this section and section 98A below,”.
(2)
Omit the words “Subject to section 98A below”.
(3)
—
(4)
—
Table
Omit the provisions specified in the first and second columns of the Table and the words at the end of the Table and insert the following provisions— Section 23 of this Act;
The Stamp Duty Reserve Tax Regulations 1986 (other than regulations 4 and 4A) .
Section 25(1), (2), (3), (4), (5), (8) and (9) of this Act;
The Stamp Duty Reserve Tax (UK Depositary Interests in Foreign Securities) Regulations 1999
Section 26 of this Act;
. . .
The Stamp Duty Reserve Tax Regulations 1986.
99
For the words “preparation or delivery” substitute “giving”; for the words “information, return, accounts or other document” substitute “notice under regulation 4 or 4A ... of the Stamp Duty Reserve Tax Regulations 1986 or Schedule 36 to the Finance Act 2008”; and omit paragraph (a).
100(1)
Before the word “Commissioners” insert “Special”; and for the words “the Taxes Acts” substitute “this Act”.
(2)
In paragraph (a) for the words “section 93(1) above” onwards substitute “section 93(1)(a) above, or”; omit paragraph (b); in paragraph (c) for the words “section 98(1) above” onwards substitute “section 98(1)(i) above”; omit paragraphs (d) and (e).
(3)
—
(4)
—
(5)
—
100A(1)
—
(2)
—
(3)
Omit the words “in an assessment”.
100B(1)
For the words from “this Act” onwards substitute “the Stamp Duty Reserve Tax Regulations 1986 relating to appeals against determinations specified in notices under regulation 6 of those Regulations (“regulation 6 determinations”) shall have effect in relation to an appeal against such a determination as they have effect in relation to appeals against regulation 6 determinations”.
(2)
Omit the words “section 50(6) to (8) of this Act shall not apply but”; and before the word “Commissioners” in both places where it occurs insert “Special”.
(3)
...
100C
—
100D
—
101
For the word “assessment” substitute “notice under regulation 6 of The Stamp Duty Reserve Tax Regulations 1986”; after the word “varied” insert “or quashed”; ...; and for the word “that” to the end substitute “of the matters specified”.
102
—
103(1)
Omit the words “Subject to subsection (2) below” and the words “for any period” ...
(3)
—
...
...
104
For the words “the Taxes Acts” substitute “this Act”; and for the word “misdemeanour” substitute “offence”.
105
—
108(1)
For the words “Taxes Acts” in both places in which they occur substitute “Act”; and omit the words “This subsection” to the end.
(2)
For the words from the beginning to “on” substitute “Tax for which”; and after the word “Charter” insert “is accountable or liable”.
(3)
—
...
...
114(1)
For the words “An assessment or determination” substitute “A notice of determination”; for the words “Taxes Acts” in both places in which they occur substitute “Act”; omit the words “or property charged or”; and the words “charged or”.
(2)
For the words “An assessment or determination” substitute “A notice of determination”; in paragraph (a)(i) omit the word “liable”; in paragraph (a)(ii) for the words “the description of any profits or property” substitute “any matter specified therein”; and omit the word “or”; omit paragraph (a)(iii); omit paragraph (b).
118(1)
Omit the following expressions and the words which occur after them:
“the Board”
“chargeable gain”
“chargeable period”
“inspector”
“return”
“tax”
“the Taxes Acts”
“trade”; and
in the words which occur after the expression “neglect” for the words “Taxes Act” substitute “Act”.
(2)
After the word “deemed” in the second place in which it occurs insert “not to have failed to do it unless the excuse ceased and, after the excuse ceased, he shall be deemed”.

---
Source: https://www.legislation.gov.uk/uksi/1986/1711/schedule/part/I (the official version)
Page: https://openlegislation.uk/stamp-duty-reserve-tax-regulations-1986/schedule/part-I
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.