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Finance Act 1966

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This is the original version (as it was originally enacted).

48Licence not required to deal in postage stamps.

(1)A licence under section 3 of the Stamp Duties Management Act 1891 shall not be required by any person to deal in postage stamps, and accordingly in that Act—

(a)any reference in section 3, 4 or 6 to stamps shall be construed as a reference to stamps other than postage stamps;

(b)in relation to postage stamps, any reference in section 12, 17(2) or 17(3) to a person duly licensed to deal in stamps shall be construed as a reference to a person lawfully dealing in postage stamps;

(c)in relation to postage stamps, section 18(1) shall have effect as if the words " or being or having been licensed to deal in stamps " were omitted.

(2)In this section, the expression " postage stamp " means a stamp within the meaning of the said Act of 1891 for denoting an amount of postage, whether or not it can also be used for revenue purposes.

(3)This section shall come into force at the expiration of the period of three months beginning with the date of the passing of this Act.

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