New Stamp Duty manual on expression of doubt

Revenue has published a new Stamp Duty manual Section 8C – Expression of Doubt which provides guidance on the expression of doubt facility.

An expression of doubt can be submitted where there is a genuine doubt about the Stamp Duty treatment of an instrument. Where an expression of doubt is considered valid and genuine, and it subsequently transpires that Stamp Duty was underpaid in relation to the matter to which the expression of doubt relates, interest will not be applied to the underpaid taxes.

The guidance outlines the steps involved in making a valid expression of doubt and the circumstances in which an expression of doubt will not be considered genuine by Revenue.