HC Deb 22 January 1998 vol 304 cc639-40W
Mr. Colman

To ask the Chancellor of the Exchequer in what circumstances the powers to change the rate of stamp duty reserve tax applied to intermediaries and stock lending transactions contained in section 88B (5) and section 89AA (7) of the Finance Act 1986 may be exercised. [22898]

Dawn Primarolo

These powers were introduced by the previous Government, for reasons explained by the right hon. and learned Member for Rushcliffe (Mr. Clarke) on 24 October 1996,Official Report, column 6. The legislation does not limit the particular circumstances in which the powers may be exercised.

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