Stamp Duties Consolidation Act 1999 section 25

Denotion of duty by adhesive stamps

Section 25 deals with the use of adhesive stamps to denote duty on bills of exchange, including cancellation requirements, penalties for unstamped bills, and the procedure where an unstamped bill is presented for payment.

• Duty on a bill of exchange may be denoted by an adhesive stamp, which the person signing the bill must cancel before delivering it out of their hands.
• A penalty of €630 applies to any person who issues, endorses, transfers, negotiates, presents for payment, or pays a bill of exchange that has not been duly stamped, and a person who receives such a bill cannot recover on it or use it for any purpose.
• Where an unstamped bill is presented for payment, the recipient may affix and cancel an adhesive stamp for the correct duty, pay the sum due, and either charge the duty against the drawer or deduct it from the amount paid.
• Affixing a stamp to an unstamped bill under this procedure does not relieve any person from a penalty already incurred in relation to that bill.