Article: -INLAND REVENUE: FINANCE BILL: Stamp duty reserve tax -- Depositary receipts and clearance services

M2 PRESSWIRE-30 June 1998-INLAND REVENUE: FINANCE BILL: Stamp duty reserve tax -- Depositary receipts and clearance services (C)1994-98 M2 COMMUNICATIONS LTD RDATE:290698 The Chancellor of the Exchequer has tabled a new Clause to the Finance Bill to adjust the terms of a relief from the 1.5 per cent charge to stamp duty reserve tax (SDRT) on exchanges of securities held in the form of depositary receipts or in clearance services. The main effect of the change will be to preserve existing practice, as announced on 23 February. DETAILS 1. Where securities are issued or transferred into a depositary receipt scheme, SDRT is charged at 1.5 per cent. But Section 95(3) Finance Act ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!