
HMRC has confirmed that the 300-year-old process used to manually stamp documents to show the duty has been paid will officially come to an end on 19 July 2021.
A new electronic process was introduced during the pandemic as traditional physical stamping could not function under COVID-19 restrictions. As this process has worked well, HMRC has decided to retain the new approach.
This change leaves the stamp presses themselves in need of new homes. Three of the presses will be retained by HMRC and installed in the newly created regional centres as a nod to the department’s history. HMRC has launched an appeal to search for suitable institutions which might be keen to take on one of the five remaining decommissioned presses, weighing some 685 kilograms and preserving them for future generations.
The first ‘stamp duty’ was introduced in 1694 as a temporary measure to fund the war on France. It was paid on all paper, vellum or parchment to be used for legal documents, and payment was indicated by an embossed, colourless stamp, hence the name.
More UK family firms than ever are employing family members, putting spouses, partners, and children on the payroll as they...
A client came to Apex Accountants earlier this year after inheriting her late father’s house and modest savings. She was...
A recent Upper Tribunal ruling has increased demand for UK VAT group advice by casting doubt over the terms on...
Scottish tax advice for high earners has become more important as Scottish taxpayers earning above £100,000 face one of the...
UK-based sellers trading on Amazon, eBay, Etsy and similar platforms could soon find themselves subject to a very different VAT...
Hair and beauty businesses often use flexible working models. A salon may have employees, chair renters, mobile stylists, freelance beauty...
A landmark ruling by the UK Supreme Court in June 2026 has ended a long-running tax dispute involving Alex Gerko...
Founders planning to sell their businesses increasingly need BADR tax advice for company sales as HMRC expands its review of...
Letting agents and landlord bodies are pressing the government to make EPC tax relief for landlords available as private landlords...
British retailers are calling on the government to accelerate plans to close the loophole for small parcel import taxes, which...