Stamp Duties Consolidation Act 1999 section 14

Penalty on stamping instruments after execution

Section 14 provides for the late stamping of instruments after the statutory time limit has expired, including the payment of interest on overdue stamp duty.

• An unstamped or insufficiently stamped instrument may be stamped after the normal deadline on payment of the outstanding duty plus, where the unpaid duty exceeds €30, interest at 0.0219% per day from the date of first execution to the date of payment
• In practice, Revenue allow 44 days from the date of first execution before interest is levied, but once levied the interest runs from the date of first execution
• Penalties for late stamping were abolished for instruments executed on or after 7 July 2012 and replaced by a late filing surcharge under section 14A in relation to self-assessed returns filed through the e-stamping system
• Interest paid on late stamping must be denoted on the instrument by a particular stamp or, in the e-stamping system, shown on the stamp certificate