Finance Act 1999

Stamp Act 1891 (c. 39)

3(1)The Stamp Act 1891 is amended as follows.

(2)In section 5 (failure to set out in instrument facts and circumstances affecting duty), for “a fine of ten pounds” substitute “a penalty not exceeding £3,000”.

(3)In section 9(1) (penalty for frauds in relation to instrument bearing adhesive stamp), for the words from “he shall” to the end substitute “he is liable to a penalty not exceeding £3,000”.

(4)In section 16 (rolls, books, etc. to be open to inspection), for “a fine of ten pounds” substitute “a penalty not exceeding £300”.

(5)In section 17 (penalty for enrolling, etc. instrument not duly stamped), for “a fine of ten pounds” substitute “a penalty not exceeding £300”.

(6)In section 83 (penalty on issuing etc. foreign etc. security not duly stamped), for “a fine of twenty pounds” substitute “a penalty not exceeding £300”.