Valid from 21/07/2008
23 Exemption of service contracts from stamp duty.U.K.
(1)No stamp duty shall be chargeable on, or any memorandum of, a contract of service in any office or employment or a contract varying or terminating such a contract.
(2)This section shall have effect as from 6th July 1964, and if before the passing of this Act any duty has been paid which by virtue of this section is not chargeable, the Commissioners shall, on application made to them within two years after the date of the payment, cancel the relevant stamps and repay the duty.
(3)This section shall be construed as one with the M1Stamp Act 1891.
Marginal Citations