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Detail of outcome
In this consultation, the government invited views on a reduction in the stamp duty land tax (SDLT) filing and payment window from 30 days to 14 days, as well as on the SDLT filing and payment process generally. This document summarises the responses to the consultation and sets out the government’s response and next steps.
In response to concerns about the announced 14-day filing time limit, the government has delayed the commencement in order to make it easier to comply with obligations in respect of complex commercial transactions. There was strong support for some of the other proposals which aim to improve the SDLT filing and payment process and the government will explore the feasibility of making these changes.
The government will delay the introduction of the 14 day filing and payment window from 2017-18 to 2018-19. Implementation will not be before April 2018. The exact commencement date will be communicated well ahead of time.
The government announced at Autumn Statement 2015 that it will:
- reduce the stamp duty land tax (SDLT) filing and payment window from 30 days to 14 days in 2017 to 2018
- consult on the SDLT filing and payment process in 2016
SDLT is chargeable on acquisitions of land in England, Wales and Northern Ireland. The current processes for filing a SDLT return and paying the SDLT are effective, but improvements could be made which would increase efficiency, and reduce the compliance burden and costs for both HMRC and customers.
This consultation document seeks views on proposed changes, their design and implementation.
The government welcomes views from businesses, individuals or other interested parties.