Amendments made: No. 181, in page 79, line 23, leave out 'subsections (4) and (7)' and insert
'subsection (7) below and section (Depositary receipts: stamp duty reserve tax: exceptions)'.
No. 182, in page 79, line 39, leave out subsection (4).
No. 211, in page 80, line 5, leave out 'and' and insert `to'.
No. 183, in page 80, leave out lines 15 to 24 and insert—
No. 212, in page 80, line 27, at end insert—
'(6A) In a case where—
§ No. 213, in page 80, line 33, leave out 'and (6)' and insert `to (6A)'.
§ No. 214, in page 80, line 38, after 'under', insert 'the preceding provisions of'.
No. 184, in page 80, line 38, leave out from 'person' to end of line 40 and insert
'liable for the tax shall (subject to subsection (8A) below) be the person who has issued or is to issue the depositary receipt.'.
No. 215, in page 80, line 40, at end insert—
'(8A) Where tax is charged under the preceding provisions of this section in a case where securities are transferred, and at the time of the transfer the person who has issued or is to issue the depositary receipt is not resident in the United Kingdom and has no branch or agency in the United Kingdom, the person liable for the tax shall be the person to whom the securities are transferred.
(8B) Where chargeable securities are issued or transferred on sale under terms providing for payment in instalments and for an issue of other chargeable securities, and (apart from this subsection) tax would be charged under this section in respect of that issue, tax shall not be so charged, but—
No. 186, in page 81, line 6, leave out
`issued on or before that date'
'(whether issued on or before that date or to be issued after that date).'.—[Mr. Ian Stewart.]