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Finance Act 2004

Finance Act 2004 s 11

s 11 The following is the Schedule inserted after Schedule 11 to the Finance Act 2003 (c. 14)— SCHEDULE 11A Stamp duty land tax: claims not included in returns

(1) An enquiry under paragraph 7 is completed when the Inland Revenue by notice (a “closure notice”) inform the purchaser that they have completed their enquiries and state their conclusions. (2) A closure notice must either— (a) state that in the opinion of the Inland Revenue no amendment of the claim is required, or (b) if in the Inland Revenue’s opinion the claim is insufficient or excessive, amend the claim so as to make good or eliminate the deficiency or excess. In the case of an enquiry into an amendment of a claim, paragraph (b) applies only so far as the deficiency or excess is attributable to the amendment. (3) A closure notice takes effect when it is issued.

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