| Guvnor

Enforced by: HMRC
Status: Amended (in force with amendments)
Penalty ceiling: Prosecution 2 of 3 obligations carry a fine up to £1,000. 1 has no criminal penalty — flagged in the list below.

Does it bind you?

Business-side roles with duties under this instrument.

Trader2 Any Person1

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Trader — also bound by 825 other Acts

Value Added Tax Regulations 1995 416 duties

Companies Act 2006 243 duties

The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 133 duties

Companies Act 1985 85 duties

Insolvency (England and Wales) Rules 2016 62 duties

Any Person — also bound by 2340 other Acts

Human Medicines Regulations 2012 184 duties

Merchant Shipping Act 1995 144 duties

Insolvency (England and Wales) Rules 2016 104 duties

Communications Act 2003 92 duties

Road Traffic Act 1988 92 duties

What it requires

Sections creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

Part 1

Customs and Excise and Value Added Tax

0 of 15 sections shown

15 other sections in this Part — procedural and definitional

s.001 Tobacco products.

s.002 Hydrocarbon oil.

s.003 Vehicles excise duty.

s.004 Beer duty: minor amendments.

s.005 Warehousing regulations.

s.006 Betting duties and bingo duty in Northern Ireland.

s.007 Betting and gaming duties: evidence by certificate, etc.

s.008 Licences under the customs and excise Acts.

s.009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..

s.010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..

s.011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..

s.012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..

s.013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..

s.014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..

s.015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..

Part 2

Income Tax, Corporation Tax and Capital Gains Tax

0 of 11 sections shown

11 other sections in this Part — procedural and definitional

s.016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..

s.023 Employee share schemes: general amendments.

s.024 Approved profit sharing schemes: workers’ co-operatives.

s.025 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..

s.033 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..

s.034 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..

s.055 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..

s.058 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..

s.059 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..

s.060 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..

s.061 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..

Part 3

STAMP DUTY

2 of 31 sections shown

s.068 Depositary receipts: notification Prosecution

Notify HMRC if you issue or hold UK depositary receiptsTrader

Fine up to £1,000

s.071 Clearance services: notification Prosecution

Notify HMRC if you provide or use clearance services for UK securitiesTrader

Fine up to £1,000

29 other sections in this Part — procedural and definitional

s.064 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..

s.065 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..

s.066 Company's purchase of own shares

s.067 Depositary receipts 1.5% charge

s.069 Depositary receipts: supplementary

s.070 Clearance services 1.5% charge

s.072 Clearance services: supplementary

s.072 Transfers between depositary receipt system and clearance system.

s.072 Meaning of “exempt capital-raising instrument”

s.072 Meaning of “exempt listing instrument”

s.073 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..

s.074 Reconstructions etc: repeals.

s.075 Acquisitions: reliefs.

s.076 Acquisitions: further provisions about reliefs.

s.077 Acquisition of target company's share capital

s.077 Disqualifying arrangements

s.078 Loan capital.

s.079 Loan capital: new provisions.

s.080 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..

s.080 Sales to intermediaries.

s.080 Intermediaries: supplementary.

s.080 Repurchases and stock lending.

s.080 Repurchases and stock lending: replacement stock on insolvency

s.081 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..

s.082 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..

s.083 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..

s.084 Miscellaneous exemptions

s.085 Supplementary

s.085 Resolution of financial institutions

Part 4

Stamp Duty Reserve Tax

1 of 30 sections shown

s.091 Liability to tax Regulated

Pay Stamp Duty Reserve Tax (SDRT) on share purchase agreementsAny Person

29 other sections in this Part — procedural and definitional

s.086 The tax: introduction

s.087 The principal charge

s.088 Special cases.

s.088 Section 87: exceptions for intermediaries.

s.088 Intermediaries: supplementary.

s.089 Section 87: exceptions for market makers etc.

s.089 Section 87: exceptions for public issues.

s.089 Section 87: exception for repurchases and stock lending.

s.089 Section 87: exception for repurchases and stock lending in case of insolvency

s.089 Section 87: exceptions for stock lending and collateral security arrangements.

s.089 Section 87: UK listing relief

s.090 Section 87: other exceptions

s.092 Repayment or cancellation of tax

s.093 Depositary receipts : 1.5% charge

s.094 Depositary receipts: supplementary

s.095 Depositary receipts: exceptions

s.095 Depositary receipts: exception for replacement securities.

s.096 Clearance services : 1.5% charge

s.097 Clearance services: exceptions

s.097 Clearance services: election for alternative system of charge.

s.097 Clearance services: exception for replacement securities.

s.097 Exempt capital-raising transfers

s.097 Exempt listing transfers

s.097 Exception for transfers of shares held by issuing company

s.097 Transfer between depositary receipt system and clearance system.

s.097 Transfers to non-EU depositary receipt and clearance services systems

s.098 Administration etc.

s.099 Interpretation

s.099 Section 99(4B): “listed” and “recognised growth market”

Part 5

INHERITANCE TAX

7 of 12 sections shown

s.102 Gifts with reservation.

amended 13 times (opens in a new tab)

s.102 Gifts with reservation: interest in land.

amended 13 times

s.102 Gifts with reservation: share of interest in land.

amended 13 times

s.102 Sections 102A and 102B: supplemental.

amended 13 times

s.102 Gifts with reservation: termination of interests in possession

amended 13 times

s.106 Changes in financial institutions business property.

amended 1 time (opens in a new tab)

s.107 Changes in financial institutions: interest.

amended 3 times (opens in a new tab)

5 other sections in this Part — procedural and definitional

s.100 Capital transfer tax to be known as inheritance tax.

s.101 Lifetime transfers potentially exempt etc.

s.103 Treatment of certain debts and incumbrances.

s.104 Regulations for avoiding double charges etc.

s.105 Application of business and agricultural relief where transfer partly exempt.

Part 6

OIL TAXATION

1 of 3 sections shown

s.109 Alternative valuation of light gases.

amended 2 times (opens in a new tab)

2 other sections in this Part — procedural and definitional

s.108 The on-shore/off-shore boundary.

s.110 Attribution of certain receipts and expenditure between oil fields.

Part 7

Miscellaneous and Supplementary

0 of 4 sections shown

4 other sections in this Part — procedural and definitional

s.111 Broadcasting: additional payments by programme contractors.

s.112 Limit for local loans.

s.113 “Securities” for purposes of Exchange Equalisation Account Act 1979.

s.114 Short title, interpretation, construction and repeals.

Schedules

0 of 126 shown

126 other schedules

s.003 Warehousing Regulations

s.004 Extension to Northern Ireland of Provisions of Betting and Gaming Duties Act 1981

s.018 Securities: Other Provisions

s.019 INHERITANCE TAX

s.020 GIFTS WITH RESERVATION

s.021 Modifications of Finance Act 1982, Schedule 18 in Relation to Elections Under Section 109 of this Act

s.022 Broadcasting: Additional Payments by Programme Contractors

s.sch001 Provision Substituted for Part II of Schedule 2 to the Acts of 1971 and 1972

s.sch002 Vehicles Excise Duty: Miscellaneous Amendments

s.sch002 (1) In the Vehicles (Excise) Act 1971 (in this Part...

s.sch002 In section 4 of the 1971 Act (exemptions from duty)...

s.sch002 In section 7 of the 1971 Act (miscellaneous exemptions from...

s.sch002 (1) Section 16 of the 1971 Act (trade licences) shall...

s.sch002 In section 17(2) of the 1971 Act (surrender of licences)...

s.sch002 Section 23 of the 1971 Act (regulations with respect to...

s.sch003 Section 93 of the Customs and Excise Management Act 1979...

s.sch003 The following shall be inserted after subsection (2)(e)—

s.sch003 The following shall be substituted for subsection (2)(g) (business records)—...

s.sch003 The following shall be inserted at the end of subsection...

s.sch003 The following shall be substituted for subsection (7) (interpretation)—

s.sch003 In consequence of the amendments made by the preceding provisions...

s.sch004 (1) In section 1 (general betting duty) in subsection (1)...

s.sch004 (1) In section 35, for subsection (3) (extent) there shall...

s.sch004 (1) In Schedule 1 (betting duties) in paragraph 7 (production...

s.sch004 (1) In Schedule 3 in paragraph 2(1) (small-scale bingo) after...

s.sch004 In section 287(1)(a) of the Companies Act (Northern Ireland) 1960...

s.sch004 In Article 19(a) of the Bankruptcy Amendment (NorthernIreland) Order 1980...

s.sch004 (1) The Betting, Gaming, Lotteries and Amusements (Northern Ireland) Order...

s.sch004 (1) Any regulations made under Schedule 1 (betting duties) to...

s.sch004 (1) In section 6 (pool betting duty) for the words...

s.sch004 (1) In section 9 (prohibitions for protection of revenue) for...

s.sch004 In section 12(4) (interpretation of provisions relating to betting duties)—...

s.sch004 In section 17(1) (charge of bingo duty) for the words...

s.sch004 In section 19(2) (bingo played in more than one place)—...

s.sch004 In section 20(2) (interpretation of provisions relating to bingo duty)...

s.sch005 Licences Under the Customs and Excise Acts

s.sch005 In section 101 of the Customs and Excise Management Act...

s.sch005 In sections 102(1) and 104(3) of the Customs and Excise...

s.sch005 (1) Section 12 of the Alcoholic Liquor Duties Act 1979...

s.sch005 In Schedule 3 to the Hydrocarbon Oil Duties Act 1979...

s.sch006 This Schedule has effect to determine the consideration referred to...

s.sch006 (1) . . .Where the prescribed accounting period is a...

s.sch006 The Treasury may by order taking effect from the beginning...

s.sch006 (1) Where, by virtue of subsection (8) of the principal...

s.sch006 (1) In the case of a vehicle having an internal...

s.sch009 Business Expansion Scheme

s.sch009 In the Taxes Management Act 1970 the following section shall...

s.sch018 (1) In this Schedule “the day of The Stock Exchange...

s.sch018 (1) In section 25 of the Taxes Management Act 1970...

s.sch019 After section there shall be inserted the following section— Potentially...

s.sch019 In section 32A (associated properties) in subsection (2) after the...

s.sch019 (1) In section 33 (amount of the charge in relation...

s.sch019 In section 35 (conditional exemption on death before 7th April...

s.sch019 In section 38 (attribution of value to specific gifts) in...

s.sch019 At the end of section 49 (treatment of interests in...

s.sch019 In section 55 (reversionary interst acquired by beneficiary) at the...

s.sch019 (1) In section 66 (rate of ten-yearly charge) in subsection...

s.sch019 In section 67 (added property etc.) in subsections (3)(b) and...

s.sch019 (1) In section 68 (rate before first-year anniversary) in subsection...

s.sch019 (1) In section 78 (conditionally exempt occasions) in subsection (4)...

s.sch019 (1) In section 7 (rates of tax), in subsection (1)—...

s.sch019 At the end of section 98 (effect of alteration of...

s.sch019 After section 113 there shall be inserted the following sections—...

s.sch019 After section 124 there shall be inserted the following sections—...

s.sch019 (1) In section 131 (relief in respect of additional tax...

s.sch019 In section 142 (alteration of dispositions taking effect on death)...

s.sch019 Sections 148 and 149 (exemptions for mutual transfers) shall not...

s.sch019 In section 199 (liability for tax etc. on dispositions by...

s.sch019 In section 201 (liability for tax in respect of settled...

s.sch019 (1) In section 204 (limitation of liability), subsection (4) shall...

s.sch019 (1) In section 216 (delivery of accounts) in subsection (1)...

s.sch019 (1) In section 8 (indexation) in subsection (1) for the...

s.sch019 (1) In section 226 (payment: general rules), in subsection (3)...

s.sch019 (1) In section 227 (payment by instalments) after subsection (1)...

s.sch019 In section 233 (interest on unpaid tax) in subsection (2)...

s.sch019 (1) In section 236 (application of section 233 in special...

s.sch019 In section 237 (imposition of charge) after subsection (3) there...

s.sch019 In section 239 (certificates of discharge) after subsection (2) there...

s.sch019 For Schedule 1 (rates of tax) there shall be substituted—...

s.sch019 (1) In Schedule 2 (provisions applying on reduction of tax),—...

s.sch019 (1) In Schedule 4 (maintenance funds for historic buildings etc.)...

s.sch019 In Schedule 6 (transition from estate duty) in paragraph 4(3)...

s.sch019 In section 9 (transitional provisions on reduction of tax) for...

s.sch019 (1) Notwithstanding that Part of this Schedule has effect with...

s.sch019 Where tax is chargeable under section 32 or section 32A...

s.sch019 Where tax is chargeable under paragraph 8 of Schedule 4...

s.sch019 (1) This paragraph applies if, in the case of a...

s.sch019 In relation to a death on or after 18th March...

s.sch019 In relation to a disposal of trees or underwood on...

s.sch019 Notwithstanding anything in section 3A of the 1984 Act, a...

s.sch019 In section 19 (annual exemption), after subsection (3) there shall...

s.sch019 After section 26 there shall be inserted the following section—...

s.sch019 In section 30 (conditionally exempt transfers) after subsection (3) there...

s.sch019 (1) In section 31 (designation and undertakings) after subsection (1)...

s.sch019 In section 32 (chargeable events) in subsection (1) after the...

s.sch020 (1) In this Schedule— “the material date”, in relation to...

s.sch020 (1) Where the disposal by way of gift and, at...

s.sch020 (1) Where either sub-paragraph (3)(c) or sub-paragraph (6) of paragraph...

s.sch020 Where there is a disposal by way of gift and...

s.sch020 (1) This paragraph applies where— (a) under section 102ZA of...

s.sch020 (1) Where there is a disposal by way of gift...

s.sch020 (1) In determining whether any property which is disposed of...

s.sch020 (1) Where arrangements are entered into under which—

s.sch020 (1) This paragraph applies where there is a disposal by...

s.sch021 (1) For any reference in the 1982 Schedule to ethane...

s.sch021 In paragraph 9 (returns)— (a) after “6(1)(b)” there shall be...

s.sch021 (1) In paragraph 11 (interpretation) sub-paragraph (1) shall be omitted....

s.sch021 (1) In paragraph 1 (provisions as to the election), in...

s.sch021 (1) In paragraph 2 (conditions for acceptance of an election)...

s.sch021 After paragraph 2 there shall be inserted the following paragraph—...

s.sch021 (1) In paragraph 3 (definition of “the relevant contract”in sub-paragraph...

s.sch021 After paragraph 3 there shall be inserted the following paragraph—...

s.sch021 After paragraph 6 there shall be inserted the following paragraph—...

s.sch021 (1) In paragraph 7 (acceptance or rejection of new price...

s.sch021 (1) In paragraph 8 (appeals) in sub-paragraph (1) after paragraph...

s.sch022 (1) This paragraph applies in relation to any accounting period...

s.sch022 (1) Section 34 of the Act of 1981 (instalments payable...

s.sch022 (1) Section 35 of the Act of 1981 (provision for...

s.sch022 (1) In this paragraph— “ new statutory provisions ” means...

s.sch023 Repeals

s.sch023 The repeal of section 107(3) of the Finance Act 1972...

s.sch023 The repeal of section 22(2) of the Finance Act 1974...

s.sch023 The repeals in section 32(6) of the Finance Act 1977...

s.sch023 The repeals in Schedule 5 to the Finance Act 1983...

s.sch023 The repeals in section 20 of the Finance Act 1984...

s.schedule/23/part/iii/paragraph/wrapper1n2 These repeals— (a) so far as they relate to general...

Help complying

Guvnor’s practical routes through this instrument.

Pay stamp duty on shares

How to pay stamp duty or SDRT when buying UK company shares, including rates, exemptions, and the stamping process.

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.

Finance Act 1986 (Part IV - Stamp Duty Reserve Tax)

Does it bind you?

Other Acts binding the same actors

What it requires

Customs and Excise and Value Added Tax

Income Tax, Corporation Tax and Capital Gains Tax

STAMP DUTY

Stamp Duty Reserve Tax

INHERITANCE TAX

OIL TAXATION

Miscellaneous and Supplementary

Schedules

Help complying

Pay stamp duty on shares