Statutory Instruments
2005 No. 2462
STAMP DUTY LAND TAX
The Taxes (Interest Rate) (Amendment) Regulations 2005
Made
5th September 2005
Laid before the House of Commons
5th September 2005
Coming into force
26th September 2005
The Treasury, in exercise of the power conferred upon them by section 178 of the Finance Act 1989( 1 ), make the following Regulations:
Citation and commencement
1. These Regulations may be cited as the Taxes (Interest Rate) (Amendment) Regulations 2005 and shall come into force on 26th September 2005.
Amendment of the Taxes (Interest Rate) Regulations 1989
2. The Taxes (Interest Rate) Regulations 1989( 2 ) shall be amended as follows.
3. —(1) Amend regulation 3(1) (applicable rates of interest on unpaid tax, tax repaid and repayment supplement)( 3 ) as follows.
(2) At the end of sub-paragraph (c) omit “and”( 4 ).
(3) At the end of sub-paragraph (d) add “; and”.
(4) After that sub-paragraph add—
“ (e) sections 87 and 88 of the Finance Act 2003. ” .
4. —(1) Amend regulation 3AB(1)( 5 ) as follows.
(2) At the end of sub-paragraph (d) omit “and”( 6 ).
(3) At the end of sub-paragraph (e) add “; and”.
(4) After that sub-paragraph add—
“ (f) section 89 of the Finance Act 2003. ” .
Tom Watson
Joan Ryan
Two of the Lords Commissioners of Her Majesty’s Treasury
5th September 2005
1989 c. 26 . Section 178 has been amended. The only amendment relevant for present purposes is the insertion of a paragraph (r) into subsection (2) by paragraph 4 of Schedule 18 to the Finance Act 2003 (c. 14) .
S.I. 1989/1297 . The relevant amending instruments are S.I. 1996/3187 and 1999/2538 .
Regulation 3 was substituted by regulation 2 of S.I. 1996/3187 , and relevantly amended by regulation 3(b) of S.I. 1999/2538 .
This word was inserted, together with sub-paragraph (d), by regulation 3(b) of S.I. 1999/2538 .
Regulation 3AB was substituted by regulation 2 of S.I. 1996/3187 and amended by regulation 5 of S.I. 1999/2538 .
Sub-paragraphs (d) and (e) were inserted by regulation 5(b) of S.I. 1999/2538 .