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HMRC internal manual

Stamp Taxes on Shares Manual

Compliance: stamp duty compliance miscellaneous: Documents withdrawn from stamping

If the level of mitigation (STSM153020) has been decided and the DIPT stamp has been impressed on a document but the customer then decides to withdraw it without having it stamped, the pencil markings are to be erased and the stamp left blank.

Any customer requesting the withdrawal of such a document prior to stamping should be reminded of the terms of Stamp Act 1891/S14(4) (STSM141030) and it should be pointed out to him/her that any subsequent application for stamping will result in a lesser degree of mitigation or, in other words, an increased penalty.