The SDRT charge on issues or transfers into a clearance service described in ¶500-300 and the parallel charge described in ¶500-400 on issues or transfers into a depositary-receipts system are matched by similar charges to stamp duty (see ¶400-380 and ¶400-370, respectively).

However, just over 10 years ago, it was established that to a large extent these charges were in contravention of EU law.

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.