Revenue stamp
Revenue stamp
A Revenue stamp (pronounced: /ˈrɛvənjuː stæmp/), also known as a tax stamp, is a type of adhesive label used to collect taxes or fees on various items. It is affixed to an item to denote that the required tax or fee has been paid.
Etymology
The term "Revenue stamp" is derived from the English words "revenue" and "stamp". "Revenue" (pronounced: /ˈrɛvənjuː/) comes from the Latin word revenire, meaning "to return", and in this context, it refers to the return of money to a government. "Stamp" (pronounced: /stæmp/) comes from the Old English word stampe, meaning "to crush or pound", and in this context, it refers to the act of imprinting a design or mark onto a surface.
History
Revenue stamps have been used for centuries as a means of collecting taxes or fees. They were first introduced in the United Kingdom in the 17th century and have since been adopted by many other countries around the world. The use of revenue stamps has declined in recent years, however, due to the rise of electronic payment systems.
Types of Revenue Stamps
There are several different types of revenue stamps, including:
- Excise stamp: Used to collect taxes on goods such as alcohol and tobacco.
- Postage stamp: Used to collect fees for the delivery of mail.
- Documentary stamp: Used to collect fees for legal documents such as deeds and licenses.
Related Terms
- Stamp duty: A tax that is levied on certain types of transactions and documents.
- Fiscal stamp: A type of revenue stamp used to collect taxes on goods and services.
- Philately: The study and collection of stamps and other postal matter.
External links
- Medical encyclopedia article on Revenue stamp
- Wikipedia's article - Revenue stamp
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