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HMRC internal manual

Stamp Taxes on Shares Manual

Introduction to Stamp Duty on shares and Stamp Duty Reserve Tax (SDRT): more about Stamp Duty and SDRT: Stamp Duty Reserve Tax - the accountable date

The accountable date is defined in Regulation 2 of the Stamp Duty Reserve Tax Regulations 1986 (SI 1986/1711):-

  • for transactions effected by means of a relevant system such as that operated by CREST, it is the date agreed by HMRC and the operator of that system. If no such agreement is in place, then the accountable date is fourteen days following the date of the relevant transaction
  • for transactions effected otherwise than through a relevant system, the accountable date is the seventh day of the month following the month in which the relevant transaction (i.e. an unconditional agreement to transfer) took place
  • for surrenders under the special regime for unit trust schemes and open-ended investment companies ( FA99/SCH 19 ), the accountable date is the fourteenth day of the month following the month in which the relevant two week reporting period ends.

More detailed information can be found at STSM030000.