109 Interest and penalties on late stamping
Finance Act 1999 (1999 c 16) | Legislation

Part VI Stamp Duty and Stamp Duty Reserve Tax

Stamp duty

109  Interest and penalties on late stamping

(1)     For section 15 of the Stamp Act 1891 (penalty upon stamping instruments after execution) substitute—

“15 Stamping after execution

(1)     An unstamped or insufficiently stamped instrument may be stamped after being executed on payment of the unpaid duty and any interest or penalty payable.

(2)     Any interest or penalty payable on stamping shall be denoted on the instrument by a particular stamp.

15A Late stamping: interest

(1)     Interest is payable on the stamping of an instrument which—

(a)     is chargeable with ad valorem duty, and

(b)     is not duly stamped within 30

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