CHAPTER 4

Sale of stamps

Section 146 Power to grant licences to deal in stamps

(1) – (4) This section enables the Revenue Commissioners to license persons to sell stamps. The licence will specify the name of the licensed person and the place where that person may sell the stamps. The licensed person must give security of €1,265 to the Revenue Commissioners. Where a number of persons are carrying on business in partnership only one licence and one security is required. The security is not liable to stamp duty.

(4) The licence may be revoked at any time by the Revenue Commissioners.

(5) A notice containing the name of the licensed person together with the words “Licensed to sell stamps” must be displayed prominently on the outside of the place where the stamps are licensed to be sold. Licensed persons who fail to display the notice are liable to a penalty of €1,265.

Relevant Date: Finance Act 2014