Policy paper: Stamp Taxes on Shares: Removal of 1.5% charge on issues and certain related transfers

This measure amends the Stamp Duty and Stamp Duty Reserve Tax (SDRT) legislation to remove the 1.5% charge in domestic legislation on the issue of UK securities into depositary receipt systems and clearance services and on certain related transfers. It also amends the legislation to remove the 1.5% (or 0.2%) charge in relation to the issue of bearer instruments.