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FINANCE ACT (NORTHERN IRELAND) 1966 - SECT 4



4.(1) The Ministry of Finance (in this section referred to as "the Ministry")
may enter into an agreement with any person by whom instruments chargeable
with stamp duty by virtue of section 77 or 79 of the Finance (1909-10) Act
1910 are made and executed in the course of that person's business whereby

(a)that person pays a sum to the Ministry on account of the amounts of stamp
duty which will become chargeable on such instruments thereafter made and
executed by or on behalf of that person without the duty thereon being denoted
in accordance with section 78(4) of that Act; and

(b)in substitution for the requirements of the said section 78(4), but subject
to

(i)compliance with such terms and conditions as the Ministry may think proper
to cause to be contained in the agreement; and

(ii)the aggregate of those amounts not exceeding the sum so paid on account,

(b)any such instrument thereafter so made and executed may be marked by or on
behalf of that person with such indication of the payment of stamp duty and
the amount thereof as the Ministry may require.

(2) Any such instrument marked in accordance with any such agreement as
aforesaid shall be treated as duly stamped for the purposes of subsection (2)
of section 78 of the said Act of 1910; and the reference in subsection (3) of
that section to the provisions of that section shall be construed as a
reference to those provisions as modified by any such agreement.

(3) Where, under any such agreement as aforesaid, a sum has been paid to the
Ministry in accordance with subsection (1)(a) by the other party to the
agreement, the Ministry may, on a claim made not later than two years after
that sum was so paid, repay so much of that sum as it is satisfied can no
longer be required for discharging any future liability of that other party to
pay amounts of stamp duty.

(4) Except in so far as the context otherwise requires, any reference in
sections 9 and 10 of the Stamp Duties Management Act 1891 (which relate to
allowances for spoiled stamps) to a stamp shall include a reference to any
such indication of the payment and amount of stamp duty as is referred to in
subsection (1)(b).


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© 1966 Crown Copyright

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