Related Commentary  Related HMRC Manuals

97A(1)  A person whose business is or includes the provision of clearance services for the purchase and sale of chargeable securities or relevant securities (an “operator” ) may, with the approval of the Board, elect that stamp duty and stamp duty reserve tax shall be chargeable in accordance with this section in connection with those clearance services.

97A(2)  An election under subsection (1) above–

(a)shall come into force on such date as may be notified to the operator by the Board in giving their approval; and

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