HC Deb 20 May 1971 vol 817 cc344-5W
Mr. Jopling

asked the Chancellor of the Exchequer if he will publish in the OFFICIAL REPORT a list of each stamp duty still payable under the provisions of the Stamp Act, 1891, as amended, stating the rate at which it is payable, the number of transactions in the financial year 1970–71 on which it was paid, the total gross yield in the financial year 1970–71, and, if none, the last financial year in which there were transactions and yield, and the number and amount thereof.

Mr. Patrick Jenkin

The total net receipt of stamp duties for 1970–71 is classified in the table below. No record is kept of the number of transactions applicable to each duty.

A more detailed list of stamp duties in force at 1st August, 1967, is given on pages 307–315 of the 110th Report of the Commissioners of Inland Revenue (Cmnd. 3508), but a number of duties have since been abolished (see Schedule 7, Finance Act, 1970) or are proposed to

STAMP DUTIES: CLASSIFICATION OF NET RECEIPT, 1970–71 GREAT BRITAIN
£ thousand
1970–71
Land and property other than stocks and shares:
Conveyances:
Land and houses:
On Sale … … … … … 28,838
Voluntary dispositions … … … … … 511
Other property:
On Sale … … … … … 742
Voluntary dispositions … … … … … 362
Leases … … … … … 3,862
Mortgages etc.:
Lands and houses … … … … … 4,056
Other property … … … … …
TOTAL … … … … … 38,371
Stocks, shares, debentures, etc.:
Transfers of stocks and shares:
On Sale … … … … … 49,180
Voluntary dispositions … … … … …
Composition for duty from Corporations, etc. … … … … 122
Bearer instruments … … … … … 12
Bonds, debentures, etc. (at 2s. 6d. per cent, duty) … … … … 163
Loan capital duty … … … … … 4,184
Contract notes (stockbrokers') … … … … … 1,370
Contract notes (computer) … … … … … 112
TOTAL … … … … … 55,143
Companies'share capital duty … … … … … 5,387
TOTAL … … … … … 5,387
Cheques etc.:
Cheques:
Impressed stamps … … … … … 20
Composition duty … … … … … 10,537
Bankers' bills and notes … … … … … 647
Receipts … … … … … 305
TOTAL … … … … … 11,204
Other stamp duties:
Bankers' licences … … … … … —
Certificates of registration of alkali and other works … … … —
Life insurance policies. … … … … … 5,146
Policies other than life … … … … … 62
Settlements and Unit Trust instruments … … … … … 626
Documents not classified … … … … … 1,366
Penalties … … … … … —
TOTAL … … … … … 7,200
TOTAL OF ALL STAMP DUTIES … … … … … 117,610