Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps his Department is taking to ensure that newly recognised growth markets qualify for the growth market exemption.

The conditions for qualifying as a recognised growth market for the purposes of the growth market exemption are set out in HMRC’s Stamp Taxes on Shares Manual at: https://www.gov.uk/hmrc-internal-manuals/stamp-taxes-shares-manual/stsm041290.

I encourage any entity that may meet these conditions to apply for the status of a recognised growth market. The application process is set out in HMRC’s Stamp Taxes on Shares Manual at: https://www.gov.uk/hmrc-internal-manuals/stamp-taxes-shares-manual/stsm041320.