E-Stamping - New Stamp Duty System Introduced by Revenue Commissioners

E-Stamping

E-Stamping is a new stamping system which has been introduced by the Revenue Commissioners to replace the existing stamping system. The aim of the new e-Stamping system is to provide a more cost effective and efficient stamping system. The new system will apply to all instruments which require stamping and where stamp duty is payable. There are two ways to use the new system. Firstly you can log on to Revenue Online System-ROS (if you are already registered, alternatively you can register as a new user) and file an instrument and pay stamp duty as applicable, using the e-Stamping Return. If you do not wish to use ROS, then you can file a paper stamp return by post or by hand with the Revenue Commissioners.

E-Stamping Return

To avail of using the E-Stamping Return, you must log onto ROS. If you are not already registered for ROS, you can do so by following the ROS Registration process on ros.ie. Once registered and logged on, you can select stamp duty from the list of taxes. The systems will guide you through the various fields using drop down menus, which means that you will only need to complete the sections which apply to your particular case. Once all the information is completed correctly, the E-Stamping system will calculate the stamp duty which may be payable. If accepted, you may proceed, file the return and pay the appropriate stamp duty. You may save your workings offline however, if you are not ready to file yet. Also, you may file the return but choose not to pay by Direct Debit, you may send in the duty payable by cheque or electronic transfer. Once payment is received by the Revenue Commissioners and they are satisfied with their review, they will issue a Stamping Certificate. This Certificate replaces the holograph strip which previously was affixed to the instrument once stamp duty had been paid. Under the new system if you pay the stamp duty by Direct Debit, you will receive the Stamp Certificate in your ROS inbox and this should be printed off and affixed to the instrument. If you choose to pay by EFT or cheque, the certificate will be posted out to you. If an adjudication is required, it may take longer than normal for the certificate will be issued.

The main advantages of the E-Stamping Return are as follows:

• The new system applies to all stamp duty cases (E.g sale of new or second hand house, company reconstructions, transactions between related parties, instruments where consideration is uncertainable)
• You can save and amend your work offline before filing
• Help Text available online
• Constant availability of online system
• Variety of payment options
• Can view previous filings and workings
• Amendments can be made returns which have been filed
• Validation checks available

The Paper Return

For those who choose not to use the e-Stamping System on ROS a Stamp Duty Paper Return must be completed and sent to the Revenue. The stamp Certificate will be issued to the filer once the case has been processed and stamp duty has been received. There are a number of different Stamp Duty Return forms which apply to different stamp duty cases. These forms are as follows:

• SDR1-Single property on a single conveyance, transfer & long term lease
• SDR1-Exchanges and transfer of two (or more) properties in a single conveyance
• SDR2-Conveyances and transfers for stocks and marketable securities
• SDR3-Other stampable instruments
• SDCF-Clawback cases

The main disadvantage of the paper return is that the filer has to navigate his way through the entire form and if any section which is relevant has been completed incorrectly or is incomplete, the form will be rejected by Revenue and sent back by to you post, thereby delaying the process. Online, you will be prompted immediately if there is a problem and corrections can be made there and then.

The Stamp Certificate

This certificate is in A4 paper format which will be sent by through ROS or by post when a return has been stamped and stamp duty has been completed. The Certificate should be affixed to the instrument to which it relates to. In a case where an adjudication is required under Section 20SDCA, 1999, the Revenue may request supporting documentation and the instrument itself before issuing the certificate. The Certificate will contain details which will only relate to the instrument it relates to. It will also contain a certificate number and document ID Number which will be required if the certificate needs to be verified or replaced at any time.

Exempt Instruments

Instruments which are not subject to stamping are as follows:

• An Instrument which creates joint tenancy between spouses in the family home
• Instruments to which Section 106B of the SDCA 1999 applies
• A lease of a dwelling house for any indefinite term or a term not exceeding 35 years which is exempt from Stamp Duty
• Any instrument which is exempt from stamp duty, other than:

1. An instrument to be adjudicated under Section 20 SDCA 1999
2. An instrument operating as a conveyance or transfer, on sale or by way of gift, of land or interest on land
3. A Lease of land for a term exceeding 30 years
4. An Assignment of a lease of land where the unexpired term of the lease exceeds 30 years.

Interest & Penalties

For adjudication cases, the return must be filed within 30 days of the date the instrument was first executed. Payment of stamp duty must then be paid within 14 days of the Revenue's assessment being issued. In any other cases where adjudication is not required, the stamp return must be filed and stamp duty paid within 44 days of the date the instrument was first executed. If stamp duty is underpaid penalties and interest will apply to the instrument until the date the full amount due has been paid.

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Date Stamp Manufacturers

Date stamps have become very popular in order to mark the current dates on various pieces of files and documents or even objects. It provides brief information about when the object was last handled. Date stamps are an extension of the rubber stamps that involves the application of ink on a surface molded in shape of numbers. Ink is applied in the date stamp and an impression is engraved on the object. Date stamps have a mechanism to change the date with the help of a knob, which is rotated on the top of the stamp.

Date stamps are a convenient, efficient and a great way to solemnize paperwork in office and to maintain a check on the receipt and dispatch of important official document. There are many Date Stamp Manufacturers in America and the recent increase in demand of Date Stamps has seen a spurge of international manufacturing companies. Date Stamp Manufacturers provide efficient services to their customers; beginning with a "dial-a-stamp" concept that has seen increased popularity. The customer needs to call or e-mail the Date Stamp Manufacturer about his requirements and the company would make sure that the final product is delivered within 24 hours of placing the order.

Date stamps are manufactured in large variety of styles, patters, designs, and sizes. The various styles used by date stamp manufacturers may include the traditional date stamps that require a stamp pad to heavy duty, metal framed, and self-inking date stamps. These high-end date stamps are not very expensive to purchase. However, it is advisable to purchase a self-updating feature on a date stamp, which eliminates the requirements of manually changing the date everyday. An inbuilt spring system changes and updates the date automatically benefiting those who are forgetful and may land in trouble by stamping wrong dates on the document and objects. Date Stamp Manufacturers can be contacted either directly via phones or through the Internet.

Date Stamps provides detailed information on Date Stamps, Date Stamp Kits, Custom Date Stamps, Electronic Date Stamps and more. Date Stamps is affiliated with Email Stationery.

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Branding R.O.I. And Rubber Stamps

Every business has a model to deploy their brand in some shape or form, be it putting up a billboard or getting the company logo tattooed, (not recommended!). The question is, what will your branding return on investment (ROI) turn out?

Deploying your brand to the consumer can be a tedious task - but doing it attractively as well as staying cost effective is key to business success. Rubber stamps remain a major solution for staying ROI focused and here’s why:

- They can display your message very neatly
- They cost very little
- Little time is spent making impressions, (self-inking especially)
- Every impression leaves a noticeably unique touch

As there are so many different mediums to deploy the brand onto with the stamp, it's a loss not to use it in some shape or form.

Nobody wants someone else’s mess, right? Keeping things tidy for your consumer should always be top priority. Many times a company will have a simple message they end up writing to consumers by hand hundreds of times a day, (ex: “Entered”) and overlook the branding possibilities. Even with the most simple of messages your company should adhere to a visual standard, rubber stamps being a great solution.

Every brand has an image to uphold through some form of marketing - regardless of income. Deploying rubber stamps in place of costly printing press methods is a great way to save money and can be used on anything from newsletters all the way to information tags and packaging. While not practical for companies needing thousands of brand placements by the minute they certainly are capable of installing your brand to thousands of materials. For higher volume stamping, self inking stamps are recommended as they can deploy message after message thousands of times without delay.

Getting a brand image out to consumers is often a brain scrambling process that many companies try too hard to innovate, losing site of their main goal: to sell. Using your stamps to brand leaves you with slew of innovative branding possibilities and they are deployable on-the-fly.

All companies use some type of form letter, whether it be a welcome letter, a reminder letter, or even holiday greetings. Most likely your business has implemented a computer program that includes your logo on letterhead. Each of those letters is most likely placed into a plain white envelope. Smart business sense tells you that using computer ink to print a return address, or having envelopes printed at a copy service can be expensive. Especially if you want printed inks that don’t smear and create an unprofessional appearance for your business mailing. Use of rubber stamps will add a personalized touch that consumers can't help but notice.

Since the advent of rubber stamps there has always been a perfectly cost effective method at deploying brands - It's a wonder why more companies don't utilize this simple and effective tool!

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