Finance Act, 1971

Exemption from stamp duty on certain bills of exchange.

44.—(1) The First Schedule (as amended by the Finance Act, 1970 ) to the Stamp Act, 1891, shall have effect as if the following exemption were inserted therein under the heading “BILL OF EXCHANGE OR PROMISSORY NOTE.”;

“(9) Bill drawn on any form supplied by the Commissioners for the purpose of remitting amounts of tax in accordance with Regulation 10 of the Income Tax (Construction Contracts) Regulations, 1971 .”.

(2) This section shall have and be deemed to have had effect as on and from the 6th day of April, 1971.