The Stamp Duty (Method of Denoting Duty) Regulations 2019
| Jurisdiction | UK Non-devolved |
| Citation | SI 2019/719 |
2019 No. 719
Stamp Duty
The Stamp Duty (Method of Denoting Duty) Regulations 2019
Made 28th March 2019
Laid before the House of Commons 1st April 2019
Coming into force 22th April 2019
The Treasury make these Regulations in exercise of the powers conferred by section 204(1) to (6) of the Finance Act 19931.
Citation and commencement
1. These Regulations may be cited as the Stamp Duty (Method of Denoting Duty) Regulations 2019 and come into force on 22nd April 2019.
Amendments to the Stamp Duties Management Act 1891
2.—(1) The Stamp Duties Management Act 18912is amended as follows.
(2) In section 13 (offences in relation to dies and stamps)3—
(a)
(a) in subsection (3), for “prints or makes an impression upon any material from” substitute “produces a stamp by means of”, and
(b)
(b) in subsections (8) and (9), for “printed or impressed from” substitute “produced by means of”.
(3) In section 27 (definitions)—
(a)
(a) in the definition of “die”, after “tool,”, in both places it occurs, insert “machine,”,
(b)
(b) in the definition of “stamp”, for “impressed” substitute “produced”, and
(c)
(c) in the definition of “stamped”, for “impressed with stamps” substitute “bearing stamps produced”.
Amendments to the Stamp Act 1891
3.—(1) The Stamp Act 18914is amended as follows.
(2) In section 2 (all duties to be paid according to regulations of Act), for “impressed stamps” substitute “stamps produced by means of a die”.
(3) In section 14 (terms on which instruments not duly stamped may be received in evidence)5, after subsection (4) insert—
“5 Where an instrument is denoted with any duty by a method required or permitted by the law in force at the time when it is stamped, the method is to be treated for the purposes of subsection (4) as being in accordance with the law in force at the time when the instrument was executed.”.
(4) In section 122(1) (definitions)—
(a)
(a) in the definition of “stamp”, for “impressed” substitute “produced”, and
(b)
(b) in the definition of “stamped”, for “impressed with stamps” substitute “bearing stamps produced”.
Consequential amendments
4. In the following provisions, omit “impressed”—
(a) in the Finance Act 1999—
(i) paragraph 19(2)(b) of Schedule 13;
(ii) paragraph 12A(3) of Schedule 156;
(b) section 128(6)(b) and (c) of the Finance Act 2000.
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