Related Commentary  Related HMRC Manuals

15A(1)  Interest is payable on the stamping of an instrument which–

(a)is chargeable with ad valorem duty, and

(b)is not duly stamped within 30 days after the day on which the instrument was executed (whether in the United Kingdom or elsewhere).

15A(2)  Interest is payable on the amount of the unpaid duty from the end of the period of 30 days mentioned in subsection (1)(b) until the duty is paid.

If an amount is lodged with the Commissioners in respect of the duty, the amount on which interest is payable is reduced by that amount.

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