Stamp Taxes: change to stock transfer process
HMRC are advising taxpayers to include a self-addressed envelope when sending their stock transfer forms to the HMRC Stamp Taxes Office.
By way of reminder, when buying shares where the price paid is greater than £1,000, and the purchase is recorded on a stock transfer form, the form will need to be stamped by HMRC and Stamp Duty paid. For shares bought electronically, or without a stock transfer form, ‘Stamp Duty Reserve Tax’ is instead payable.