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Stamp Duty

Volume 466: debated on Monday 4 July 1949

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asked the Chancellor of the Exchequer whether his regulations still prescribe stamp duty on receipts of£2 and upwards; and how far it is applicable to retail cash sales.

The stamp duty of two-pence upon receipts for sums of£2 or more is still in force. The form of voucher commonly given by retail shops in cash transactions where the whole of the goods purchased are taken away by the customer on payment of the price, being primarily a document used for internal book-keeping purposes, does not constitute a receipt, and is not liable to stamp duty even though it relates to a payment of£2 or more, provided that it contains no words stating or implying receipt or payment of money. The customer is, however, entitled to demand a receipt, and the Stamp Act imposes a penalty for issuing a receipt liable to duty but not duly stamped, or for refusing to give a duly stamped receipt.