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United Kingdom Statutory Instruments |
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You are here: BAILII >> Databases >> United Kingdom Statutory Instruments >> The Stamp Duty and Stamp Duty Reserve Tax (BX Swiss AG) (Recognised Foreign Exchange and Recognised Foreign Options Exchange) Regulations 2014 No. 2942 URL: http://www.bailii.org/uk/legis/num_reg/2014/uksi_20142942_en_1.html |
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Statutory Instruments
Stamp Duty
Stamp Duty Reserve Tax
Made
10th November 2014
Laid before the House of Commons
11th November 2014
Coming into force
2nd December 2014
The Treasury make the following Regulations in exercise of the powers conferred by section 80B(3)(b) and (4)(b) of the Finance Act 1986(1):
1. These Regulations may be cited as the Stamp Duty and Stamp Duty Reserve Tax (BX Swiss AG) (Recognised Foreign Exchange and Recognised Foreign Options Exchange) Regulations 2014 and come into force on 2nd December 2014
2. BX Swiss AG is a market which is specified as a recognised foreign exchange within the meaning of section 80B(3) and as a recognised foreign options exchange within the meaning of section 80B(4) of the Finance Act 1986.
David Evennett
Mark Lancaster
Two of the Lords Commissioners of Her Majesty's Treasury
10th November 2014
(This note is not part of the Regulations)
These Regulations specify the market known as BX Swiss AG as a recognised foreign exchange and a recognised foreign options exchange for the purposes of stamp duty and stamp duty reserve tax relief.
Regulation 1 provides for the citation and commencement of these Regulations.
Regulation 2 specifies that BX Swiss AG is a recognised foreign exchange within the meaning of section 80B(3) and a recognised foreign options exchange within the meaning of section 80B(4) of the Finance Act 1986.
A Tax Information and Impact Note covering this instrument will be published on the GOV.UK website at https://www.gov.uk/government/collections/tax-information-and-impact-notes-tiins.
1986 c. 41: section 80B was inserted by section 97(1) of the Finance Act 1997 (c. 16).
