Finance Act 2014

Accountable persons in relation to stamp duty

73. The Principal Act is amended—

(a) in section 1—

(i) in subsection (1), in the definition of “accountable person”, by inserting “(subject to subsection (1A))” after “means”, and

(ii) by inserting the following after subsection (1):

“(1A) The following persons shall not be accountable persons for the purposes of this Act:

(a) the National Treasury Management Agency;

(b) the Minister in relation to a function exercised by the Minister which is capable of being delegated to the National Treasury Management Agency under section 5 of the National Treasury Management Agency Act 1990 .”,

and

(b) by deleting section 108.