Dealing with HMRC – guidance

Pay Stamp Duty

How to pay your Stamp Duty and the time it takes for payment to reach HM Revenue and Customs (HMRC).

Overview

Stamp Duty is paid on shares bought on a stock transfer form.

It should not be confused with paying Stamp Duty Reserve Tax which is paid on the paperless purchase of shares, or paying Stamp Duty Land Tax when property is bought or transferred.

The deadline for paying Stamp Duty and getting stock transfer documents to the Stamp Office is no later than 30 days after they’ve been dated and signed.

How much time to allow

Make sure you pay HMRC by the deadline or you may have to pay a penalty and/or interest.

The time you need to allow depends on how you pay.

Payment method Time allowance
Online or telephone banking (Faster Payments) Same or next day
CHAPS Same or next day
Bacs 3 working days
By cheque through the post 3 working days

If the deadline falls on a weekend or bank holiday, make sure your payment reaches HMRC on the last working day before unless you’re paying by Faster Payments.

Ways to pay

Bank details for online or telephone banking, CHAPS, Bacs

You can pay by Faster Payments, CHAPS or Bacs to HMRC’s account.

Sort code Account number Account name
08 32 10 12001098 HMRC Birmingham Stamp Office

You’ll need to provide a payment reference so that HMRC can identify your payment. Use your name followed by the payment amount (no spaces), for example: JBrown/240.00

Your payment could be delayed if you use the wrong reference.

Send a confirmation letter

When paying by one of these options you must send HMRC a confirmation letter with your stock transfer form showing the:

  • payment reference
  • payment amount
  • date of payment

Your documents may be delayed or returned if you don’t provide the payment reference.

Payments by:

  • Faster Payments (online or telephone banking) usually reach HMRC on the same or next day, including weekends and bank holidays
  • CHAPS usually reach HMRC the same working day if you pay within your bank’s processing times
  • Bacs usually take 3 working days

Overseas payments

You should use these details to pay from an overseas account.

Account number (IBAN) Bank identifier code (BIC) Account name
GB02BARC20114773618595 BARCGB22 HMRC Birmingham Stamp Office

If you need to provide your bank with HMRC’s banking address it is:

Barclays Bank Plc
1 Churchill Place
London
United Kingdom
E14 5HO

By cheque through the post

Send your cheque made payable to ‘HM Revenue and Customs only’ followed by the Stamp Duty reference number you created.

Don’t fold the cheque or fasten documents together.

Allow 3 working days for your payment to reach HMRC.

Birmingham Stamp Office
9th Floor
City Centre House
30 Union Street
Birmingham
B2 4AR

If using the DX service please send to:


Birmingham Stamp Office - Stamp Duty
DX15001
Birmingham 1