Pay Stamp Duty Reserve Tax

Stamp Duty Reserve Tax (SDRT) is paid on the paperless purchase of shares.

It should not be confused with paying either:

The 2 types of SDRT payment are stocks and shares made:

The payment deadlines, payment reference numbers and HMRC bank account details are different in each case.

CREST automatically deducts SDRT from chargeable trades and pays the tax to HMRC. No manual payment or notice is required.

Stocks and shares payments outside of CREST

If you make a trade outside of CREST, ‘off-market’ payments, you have to contact Stamp Duty Reserve Tax enquiries by sending a written notice that includes:

Where multiple transactions have taken place in a reporting period, you have to provide details of each individual transaction.

You should allow 3 working days for your notice to reach HMRC.

If the payment could have been made through CREST but was not, the deadline for both the payment and the notice is 14 days from the date of the trade.

If the payment could not have been made through CREST, the deadline for both the payment and the notice is the 7th day of the month after the calendar month in which the agreement took place.

If the deadline is on a weekend or bank holiday, make sure your payment reaches HMRC by the end of the previous working day.

If you do not pay by the deadline, you may need to pay a penalty or interest, or both.

You need the reference number you provided on your off-market payment notice.