The Stamp Duty and Stamp Duty Reserve Tax (ICE Clear Europe Limited) Regulations 2013, SI 2013/1382, come into force on 1 July 2013. The regulations prevent multiple charges to Stamp Duty and Stamp Duty Reserve Tax (SDRT) arising when share trades carried out on the LIFFE trading platform are cleared through ICE Clear Europe Limited acting as central counterparty.
The Stamp Duty and Stamp Duty Reserve Tax (Collective Investment Schemes) (Exemptions) Regulations 2013, SI 2013/1401, come into force on 28 June 2013. The regulations, drafts of which were published following consultation, ensure that ‘authorised contractual schemes’, the new tax-transparent vehicle for UK funds, are exempt from stamp duty and SDRT. Two further statutory instruments provide for similar exemptions from CGT and VAT.
The Stamp Duty and Stamp Duty Reserve Tax (ICE Clear Europe Limited) Regulations 2013, SI 2013/1382, come into force on 1 July 2013. The regulations prevent multiple charges to Stamp Duty and Stamp Duty Reserve Tax (SDRT) arising when share trades carried out on the LIFFE trading platform are cleared through ICE Clear Europe Limited acting as central counterparty.
The Stamp Duty and Stamp Duty Reserve Tax (Collective Investment Schemes) (Exemptions) Regulations 2013, SI 2013/1401, come into force on 28 June 2013. The regulations, drafts of which were published following consultation, ensure that ‘authorised contractual schemes’, the new tax-transparent vehicle for UK funds, are exempt from stamp duty and SDRT. Two further statutory instruments provide for similar exemptions from CGT and VAT.
