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  Finance Act - New Clause 11 - Stamp Duty Reserve Tax
  
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  The majority of MPs voted against requiring a report on the abolition of Stamp Duty Reserve Tax on surrenders of units in collective investment schemes.
  
  Stamp Duty Reserve Tax (SDRT) is a tax on electronic 'paperless' share transactions; currently set at a flat rate of 0.5 per cent (rounded up or down to the nearest penny) based on what you give for the shares, not what the shares are worth.[1]
  
  The 2013 Budget document states:
  
  :The Government will abolish the stamp duty reserve tax charge in Schedule 19 Finance Act 1999 on surrenders of units in collective investment schemes
  
  The majority of MPs rejected a proposal to add the following new clause to the Finance Bill:
  :The Chancellor shall, within six months of Royal Assent, publish and lay before the House of Commons a report detailing the distributional impact of any changes to or abolition of [http://www.legislation.gov.uk/ukpga/1999/16/schedule/19 Schedule 19 to the Finance Act 1999].
  
  
  ==
  
  
  * [1] [http://www.hmrc.gov.uk/sdrt/intro/basics.htm#2 HMRC - Stamp Duty Reserve Tax - the basics]
  * [2] [https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/221885/budget2013_complete.pdf 2013 Budget Document]
  
  
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  (put thoughts and notes for other researchers here)
  