Stamp Duties Consolidation Act 1999 section 72

Collection and payment of duty

Section 72 allowed the Revenue Commissioners to enter into an agreement with an operator for the collection of stamp duty on electronic transfers and its payment over to Revenue.

• Revenue could agree with an operator of an electronic settlement system to collect the stamp duty arising on transfers passing through that system.
• The agreement could take whatever form and contain whatever terms and conditions Revenue thought fit.
• The operator collected the duty due on the electronic transfers it processed and accounted for it to Revenue.
• The accumulated duty was paid over to Revenue on the dates fixed in the agreement; the section has since been repealed.