Oral Answers to Questions — Stamp Duty (Dividends).

Part of the debate – in the House of Commons on 20th March 1930.

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Photo of Mr Philip Snowden Mr Philip Snowden , Colne Valley

As regards the first part of the question, I am advised that slips of the kind which my hon. Friend has in mind do not attract Stamp Duty. As regards the second, he is no doubt aware that the payee's endorsement of his name on a dividend warrant is not liable to Receipt Stamp Duty. If his suggestion is that the law should be altered so as to make it compulsory to give a receipt in cases where the payer does not require one, I fear that his suggestion is impracticable.