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HMRC internal manual

Stamp Taxes on Shares Manual

Exemptions and reliefs: exemptions: growth market shares - recognised growth markets - how to qualify as a recognised growth market - application process

Applications for ‘recognised growth market’ status can be made to HMRC at the address below.

There is no specific form to complete. The request just needs to be in writing and attach evidence demonstrating that the market is part of a Recognised Stock Exchange and one of the two additional conditions is met. Details on the conditions are at STSM041290, STSM041300 and STSM041310.

Neil Parkes
HM Revenue and Customs
Stamp Taxes
City Centre House
30 Union Street
Birmingham
B2 4AR

Email: mailbox.sdrt@hmrc.gsi.gov.uk.

HMRC will process the application as quickly as possible and aim to respond within 28 days. If the application is accepted, HMRC will issue a letter of approval. A list of recognised growth markets is at STSM041330.

Once approved, the market should contact Euroclear UK & Ireland (EUI) to ensure that the CREST settlement system is updated. EUI’s email address is growthmarketstampexemption@euroclear.com.