HC Deb 28 January 1913 vol 47 c1193W

asked the Chancellor of the Exchequer whether he is aware that some English companies and persons escape payment of the ad valorem duty charged by the Stamp Act, 1891, on certain contracts as if conveyances on sale, by the expedient of having their contracts executed outside the United Kingdom; and whether he proposes to amend the Act with a view to preventing the consequent loss to the revenue?


I beg to refer the hon. Member to the provisions of Section 7 of the Revenue Act, 1909, which removed the limitation of Section 59 of the Stamp Act, 1891, to contracts for sale made in the United Kingdom. If he will furnish me with particulars of any cases which are thought not to be covered by those provisions I will consider the matter.