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Section 2

and the provisions of this Act shall, subject to the provisions of this Part, apply in relation to this duty as if it were imposed by section 2.

(1) Except where express provision is in this Act made, any instrument which is unstamped or insufficiently stamped may be stamped after the expiration of the time for stamping provided for in subsection (3) of section 2, on payment of the unpaid duty and on payment of a penalty of £20 penalty of €25 and also by means of further penalty, where the unpaid duty exceeds £20 exceeds €30, of interest on such duty, at the rate of 1 per cent per month or part of a month 0.0322 per cent for each day or part of a day from the day interest on such duty, calculated in accordance with section 159D, on which that instrument was first executed to the day of payment of the unpaid duty.

(b) notwithstanding section 2(3), the operator-instruction which is charged to stamp duty by virtue of section 69 shall not be required to be stamped and, accordingly—

(ii) that operator-instruction shall for the purposes of section 2(4)and notwithstanding section 30(3) be deemed to be duly stamped with the proper stamp duty when such duty and any penalty interest and penalty relating to such duty has been paid to the Commissioners,

Where an accountable person fails to cause an electronic return or a paper return to be delivered in relation to an instrument within the time specified in section 2(3), the accountable person or, where there is more than one accountable person, each accountable person shall incur a penalty of €3,000.