HMRC have announced the removal of the 1.5% charge on the issue of UK securities into depositary receipt systems and clearance services and on certain related transfers.
Additionally, the 1.5% (or 0.2%) fee linked to the issuance of bearer instruments has also been removed.
View the policy paper here: https://www.gov.uk/government/publications/stamp-taxes-on-shares-removal-of-15-charge-on-issues-and-certain-related-transfers
Contacts
If you require assistance in relation to the above and/or would like to discuss anything further, please do not hesitate to contact info@act.london or your usual A.C.T. contact.