HMRC has decided to discontinue the practice of physically stamping documents for stamp duty purposes with effect from 19 July 2021. This brings to an end a practice that has been in place for over 300 years.
The change will affect:
HMRC introduced a new electronic procedure for the stamping of these instruments back in March 2020 due to the impact of COVID-19 and following a successful trial over the last few months have decided to continue with this virtual process. Physical stamping of documents will therefore be withdrawn.
For further information or advice please contact Janak Prajapati or your usual Crowe contact.