PART 2

Excise duties and other taxes

Stamp duty reserve tax and stamp duty

Temporary statutory effect of House of Commons resolution
116
1
Section 50 of FA 1973 (temporary statutory effect of House of Commons resolution affecting stamp duties) is amended as follows.
2
In subsection (2), for paragraph (c) (and the “and” after it) substitute—
c
the dissolution of Parliament;
ca
the prorogation of Parliament in a case where subsection (2B) does not apply; and
.
3
In that subsection, in paragraph (d), for “six” substitute “ seven ”.
4
After that subsection insert—
2A
Subsection (2B) applies where Parliament is prorogued at the end of a session if—
a
during the session a Bill containing provisions to the same effect as the resolution is read a second time by the House or a Bill is amended (whether by the House or a Committee of the House or a Public Bill Committee) so as to include such provisions,
b
the Standing Orders or Sessional Orders of the House provide, or during the session the House orders, that proceedings on the Bill not completed before the end of the session shall be resumed in the next session, and
c
proceedings on the Bill are not completed during the session.
2B
A resolution shall cease to have statutory effect under this section if, during the period of thirty sitting days beginning with the first sitting day of the next session, no Bill containing provisions to the same effect as the resolution is presented to the House.
2C
In subsection (2B) “sitting day” means a day on which the House sits.
2D
Where a Bill is amended as mentioned in subsection (2A)(a), it does not matter for the purposes of subsection (2A)(b) if the House orders as mentioned in subsection (2A)(b) before the amendment to the Bill is made.