Session 2010 - 11
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Finance (No. 3) Bill


Finance (No. 3) Bill
Schedule 26 — Redundant reliefs
Part 2 — Stamp duty

381

 

(c)   

in ITA 2007, paragraph 98 of Schedule 2.

Supplement payable in connection with payroll deduction scheme

3     (1)  

Section 38 of FA 2000 (supplement payable in connection with payroll

deduction scheme) is repealed.

      (2)  

Accordingly, the following provisions are repealed—

5

(a)   

in ITEPA 2003, paragraph 243 of Schedule 6;

(b)   

in FA 2003, section 146;

(c)   

in ITA 2007, paragraph 390 of Schedule 1.

National Savings Bank ordinary account interest

4          

Section 691 of ITTOIA 2005 (National Savings Bank ordinary account

10

interest) is repealed.

Part 2

Stamp duty

Exemptions from stamp duty

5          

Section 45 of FA 1944 (exemption of certain assignments by seamen from

15

stamp duty) is repealed.

6          

Section 31 of FA 1953 (instruments relating to National Savings) is repealed.

7     (1)  

In Schedule 13 to FA 1999 (stamp duty: instruments chargeable and rates of

duty), paragraph 24(b) is repealed (instruments for sale etc of ship or vessel

etc).

20

      (2)  

Accordingly, in that Act—

(a)   

in section 123(3), in the entry for paragraph 24 of Schedule 13, omit

“, (b)”, and

(b)   

in Part V(6) of Schedule 20, in paragraph (d) of the entry for Schedule

13, omit “, (b)”.

25

 
 

 
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Revised 31 March 2011