Form

Stamp Duty notification for bearer instruments

Use form Stamps BI 1 to tell HMRC about the proposed issue of a bearer instrument.

• From: HM Revenue & Customs
• Published: 4 April 2014
• Last updated: 15 October 2018 — See all updates

Documents

Stamp Duty bearer instrument (Stamps BI 1)

https://public-online.hmrc.gov.uk/lc/content/xfaforms/profiles/forms.html?contentRoot=repository:///Applications/BusinessTax_iForms/1.0/StampsB1&template=Stamps_BI_1.xdp

Details

Complete the Stamp Duty BI 1 form if you’re a company (or their agent) proposing to issue a UK ‘share warrant bearer’ (commonly known as bearer shares).

Bearer instruments and shares are similar to ordinary company shares, except that the owner of the bearer share is not recorded or registered. This means that whoever physically holds the bearer share is the beneficial owner.

UK companies were prohibited from issuing bearer shares on 26 May 2015.

Find out more information about bearer instruments in the HMRC Stamp Taxes on Shares Manual.

Email HMRC to ask for this form in Welsh (Cymraeg).

Published 4 April 2014
Last updated 15 October 2018 + show all updates

1. 15 October 2018

   A new version of the Stamps BI 1 form has been added that can be filled in on screen and printed off.

2. 4 April 2014

   First published.