On 8 April 2024 HMRC issued further guidance to the Stamp Taxes on Shares manual (the “Manual”) on what constitutes a “capital-raising arrangement” qualifying for exemption from a 1.5% stamp duty and stamp duty reserve tax...more
On 14 September 2023, HM Revenue & Customs (“HMRC”) published a policy paper, along with explanatory notes and draft legislation, announcing the removal of the 1.5% charge to stamp duty and stamp duty reserve tax (“SDRT”) on...more
In a welcome move, the UK government issued a statement yesterday confirming its intention to repeal the 1.5% charge to UK stamp taxes on issuances of securities and any ‘exempt capital-raising transfer’ to a depositary...more
HM Revenue & Customs (“HMRC”) has published a policy paper, accompanied by draft legislation, which confirms the removal of the 1.5% charge to stamp duty and stamp duty reserve tax (“SDRT”) on the issuance of UK shares into...more