2011 No. 1085

Stamp Duty
Stamp Duty Reserve Tax

The Stamp Duty and Stamp Duty Reserve Tax (SIX Swiss Exchange AG)(Recognised Foreign Exchange) Regulations 2011

Made

Laid before the House of Commons

Coming into force

The Treasury make the following Regulations in exercise of the powers conferred by section 80B(3)(b) of the Finance Act 19861.

Citation and commencement1

These Regulations may be cited as the Stamp Duty and Stamp Duty Reserve Tax (SIX Swiss Exchange AG)(Recognised Foreign Exchange) Regulations 2011 and shall come into force on 27th April 2011.

Specification of a recognised foreign exchange within section 80B(3) of the Finance Act 19862

The SIX Swiss Exchange AG is a market which is specified as a recognised foreign exchange within the meaning of section 80B(3) of the Finance Act 1986.

Michael FabricantAngela WatkinsonTwo of the Lords Commissioners of Her Majesty’s Treasury
EXPLANATORY NOTE

(This note is not part of the Regulation)

These Regulations specify the market known as the SIX Swiss Exchange AG as a recognised foreign exchange for the purposes of stamp duty and stamp duty reserve tax relief.

Regulation 1 provides for the citation and commencement of these regulations.

Regulation 2 specifies that the SIX Swiss Exchange AG is a recognised foreign exchange within the meaning of section 80B(3) of the Finance Act 1986.

In line with government commitments, a Tax Information and Impact Note has not been prepared for this instrument as no impact on the private or voluntary sectors is foreseen.