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STSM154040 - Compliance: stamp duty compliance miscellaneous: Free standing penalties
There are a number of stamp duty penalties, other than for late stamping. A maximum amount is specified. A penalty less than the maximum may be imposed where appropriate. These free standing
penalties (and the maximum amounts) are as follows.
SDMA1891/S21: Fraud in relation to duties: £3,000. Stamp Act 1891/S5: Failure to set out in a document the true facts and circumstances affecting the liability to stamp duty of that
document: £3,000. Stamp Act 1891/S12A(2): Failure, without reasonable excuse, to stamp an instrument within 30 days following adjudication: £300. Stamp Act 1891/S16: Failure to allow
inspection of any rolls, books, etc which would secure payment of duty or lead to the discovery of a stamp duty fraud: £300 Stamp Act 1891/S17: Penalty for enrolling, registering etc a
document not duly stamped : £300 Stamp Act 1891/S83: Penalty for issuing a foreign security not duly stamped: £300 FA63/S67(1) and similarly FA(Northern Ireland)63/S16(1): Penalty for
circulating a blank transfer: £300 plus an amount equal to twice the stamp duty chargeable in respect of the relevant transfer Previous page Next page