Companies Act 2006 (Amendment of Part 17) Regulations 2015

The position is no different from what I have just said. The regulations mean that, for new takeovers of UK companies, stamp duty will be payable on takeover. In other words, the cancellation scheme is no longer applicable. It will have to be a straightforward purchase—a transaction to acquire those shares. Hence, those companies have to pay their fair share of stamp duty.