OpenConsultation consultationoutcome

Modernisation of the Stamp Taxes on Shares Framework –— 1.5% charge

From:
HM Revenue & Customs
Published
28 April 2025
Last updated
13 July 2026 — See all updates
This consultation has concluded

Read the full outcome

Modernisation of Stamp Taxes on Shares Framework: 1.5% charge

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Detail of outcome

The consultation response document sets out feedback on questions on how to modernise the 1.5% higher charge on certain transactions.

It confirms the outcome of the consultation: 

  • The government will proceed with proposals set out in the consultation on depository receipts, the market value rules, notifications, and liable and accountable persons. 

  • The government will proceed with removing the charge to bearer instruments, excluding provisions for shares paid for in instalments, and intends to exclude references to paired shares. 

The government has published draft legislation for the STT alongside the summary of responses. The government is aiming to introduce the STT and the new digital service in 2027. An update on the commencement date will be provided in the Autumn.

Original consultation

Summary

We welcome views on our proposals to modernise the 1.5% higher rate charge on Stamp Taxes on Shares, which encompasses Stamp Duty and Stamp Duty Reserve Tax.

This consultation closesran atfrom
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Consultation description

This consultation follows on from the consultation published in April 2023 that sought feedback on proposals for modernising the principal 0.5% charge for Stamp Taxes on Shares. It seeks views on proposals to modernise the 1.5% higher rate charge which applies in certain circumstances when UK securities are transferred overseas, with a focus on reducing unnecessary legislation and improving clarity.

This consultation is likely to be of interest to taxpayers, investors, businesses, tax advisors, practitioners and their representative bodies, tax lawyers and their representative bodies, stockbrokers, stock traders, stock markets, clearance services, depositary receipt issuers, and anyone that is involved with or has an interest in the buying and selling of shares and securities.

Documents

Modernisation of the Stamp Taxes on Shares Framework: 1.5% charge

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Ways to respond

Email to:

sts.consultation@hmrc.gov.uk

Write to:

Stamp Taxes on Shares Team 
HM Revenue and Customs  
Room 3/63  
100 Parliament Street  
London  
SW1A 2BQ

Updates to this page

Published 28 April 2025
Last updated 13 July 2026 — Show all updates

  1. A summary of responses to the consultation has been published.

  2. First published.

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