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SDLT filing and payment dates

SDLT filing and payment dates STAMP DUTY LAND TAX
 

HMRC has published a response to last year’s consultation document on proposed changes to the filing and payment deadlines for Stamp Duty Land Tax (SDLT). The main proposal concerned the filing and payment period for SDLT.

SDLT is a tax that is payable on the purchase or transfer of land and property in England, Wales and Northern Ireland. In Scotland, SDLT was replaced by Land and Buildings Transaction Tax from 1 April 2015. In Wales, SDLT will be replaced by Land Transaction Tax from April 2018.

The changes, if written into legislation, will see the time given to make SDLT filings and payments reduced from 30 days to 14 days. The new measure was expected to come into effect between 1 January 2018 and 1 March 2018.

This timeline has now been delayed in order to make it easier for those affected to comply with their obligations in respect of complex commercial transactions. There had been concerns that the time limit would be difficult to meet in the case of some complex commercial transactions and for deferment applications.

The government will now delay the introduction of the 14 day filing and payment window from 2017-18 to 2018-19. The new implementation date will not be before April 2018 with the exact time frame to be communicated in advance. There may also be allowances made for complex transactions.

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