HMRC internal manual

Stamp Taxes on Shares Manual

STSM141070 - Stamp Duty and Stamp Duty Reserve Tax administration: Stamp Duty administration: all facts and circumstances to be set out in document

When presenting a document for stamping a customer should ensure that all the facts and circumstances affecting its liability to duty, or the amount of duty chargeable, are “fully and truly set forth” in the document (Stamp Act 1891/S5). Following section 5, HMRC Stamp Taxes is entitled to ask for copies of contracts, valuations, supporting documents and other background material which it considers necessary to calculate the duty. Where a document is to be adjudicated (see STSM012020), Stamp Taxes’ right to require evidence to be furnished is reinforced under Stamp Act/S12(2) (see STSM012030).