Section 148 Provisions as to determination of a licence

(1) When the period for which the licence is granted comes to an end either because the licence has expired or been revoked or because the licensed person has died or become bankrupt, any stamps which that person had in his or her possession may be returned to the Revenue Commissioners within 6 months after the date the licence expired or was revoked or of the date of death or bankruptcy.

(2) The Revenue Commissioners may reimburse the person who returned the stamps, subject to the deduction of any discount, if they are satisfied that the stamps were in the possession of the person whose licence has expired or was revoked, or who died or became bankrupt at the relevant time for the purpose of sale and that they were obtained by that person from them or from some other person duly appointed to sell and distribute stamps or licensed to sell stamps.

Relevant Date: Finance Act 2014