Stamp Duties Consolidation Act 1999 section 78E

Payment of duty

Section 78E sets out when and how the stamp duty arising on electronic share transfers is paid to Revenue, the alternative payment arrangements Revenue may agree, the disapplication of the usual stamping rules, and the interest charged where duty is paid late.

• Stamp duty on an electronic share transfer is due and payable on the date the transfer order (or deemed transfer order) is executed, and must be paid to Revenue on that date.
• Revenue may agree alternative payment arrangements with a central securities depository (CSD) or other party, with duty paid under the agreement treated as paid on its due date.
• The transfer order does not need to be stamped, and the usual stamping rules in the Act do not apply to it.
• Interest is charged on any duty paid after the execution date, running from that date to the date of payment.