Stamp Taxes - news archive
June 2008
30 June
Late Filing Penalties, Practitioners News 21
This issue of PN has been temporarily withdrawn, whilst corrections are
made to the section on late filing penalties.
SDLT 6 "Purchaser's Responsibilities"
explains the accurate position.
26 June
Stamp
Duty Land Tax – Commercial Sukuk
HM Revenue and Customs have today launched consultation on its proposals
for a relief from Stamp Duty Land Tax for Commercial Sukuk.
25 June
Guidance Note on the Stamp Duty Land Tax (Open-ended
Investment Companies) Regulations 2008 (Statutory Instrument 2008 No. 710)
We have produced a guidance note on these regulations, which provide SDLT
relief where an authorised unit trust converts to, or merges with, an open-ended
investment company. This guidance will be incorporated in the SDLT Manual
in due course.
11 June
SD7 Penalties and Interest Leaflet (PDF 65K)
We have rewritten the leaflet SD7 regarding penalties. A new version of
the SD7 leaflet Covering Penalties and Interest charges is now available.
6 June
SDLT Guidance notes (SDLT6)
To make it easier for screen reading, the internet version of the SDLT6
will only be available in HTML. As of Friday 6 June 2008 the PDF version
will no longer be available.
4 June
Stamp Duty work allocation
Please be aware all Stamp Duty work including Sections 42, 75 and 77 is
now undertaken at Birmingham Stamp Office. Edinburgh Stamp Office will be
able to deal with urgent stamping requests for Scottish Customers.
May 2008
28 May
Barcode Countdown Only five months to go!
Still filing SDLT returns using a CD ROM or 2D barcode? You only have five
months to move to other filing methods.
Act now and join the majority who’ve already made the switch!
April 2008
28 April
Stamp Taxes - Barcode countdown - only
six months to go
If you file SDLT returns using a CD ROM or 2D barcode be aware returns filed
by these methods will not be accepted after 1 November 2008.
18 April
Stamp Taxes - Automated Registration
of Title to Land (ARTL)
Automated Registration of Title to Land (ARTL) now includes Stamp Duty Land
Tax. This new element of the Registers of Scotland (RoS) service was launched
today in Dunfermline.
16 April
Stamp Taxes:- Budget changes to notification
requirements
This note confirms that SDLT60s are no longer needed for any transactions
and summarises the new rules for notification thresholds for SDLT
1 April
Stamp Taxes - dealing with missing UTRNs
For some time we’ve provided a means of dealing with missing UTRNs
by advising customers to use the priority fax process, this service
is now no longer available.
March 2008
31 March
Stamp Taxes - Stamp duty on shared ownership
homes will not be required until buyers own 80 per cent of the equity in
their home
As a result of the recent budget changes, we have produced an information
sheet regarding shared ownership homes.
17 March
Stamp Taxes - dealing with missing UTRNs (withdrawal
of priority fax process)
For some time we’ve provided a means of dealing with missing UTRNs
by advising customers to use the priority fax process, we will no longer
offer this service from 31 March 2008.
14 March
Budget 2008 changes to Stamp Duty,
Stamp Duty Land Tax and Stamp Duty Reserve Tax
The chancellor on 12 March 2008 announced changes to stamp duty, stamp duty
land tax and stamp duty reserve tax.
4 March
SDLT Practitioners News (Issue 20)
Containing information relating to Stamp Taxes Online (New enhancements,
Local Authorities and government departments can now register, Transactions
with 100 or more properties, Multiple properties) and Other issues (SDLT6
Guidance Notes: how to use the new HTML version, CHAPS Payments).
Stamp Duty Land Tax Policy and
Processing Organisational Chart (PDF 20K)
Stamp Duty Land Tax Policy and Processing Organisational Chart, to enable
customers to gain an overview of the teams involved in the stamp duty land
tax (SDLT) process.
February 2008
25 February
Take advantage of online filing
We ask our customers using the CD–Rom to take advantage of online
filing. We are also asking customers who use commercial software 2D Barcode
products to ask their supplier about the alternative online filing products
on offer.
1 February
Stamp Taxes Online: Transactions with more
than 100 properties
The submission process.
January 2008
24 January
Consultation on SDLT related issues
HM Treasury are currently consulting on two SDLT-related issues.
Composite CHAPS Payments
We can now offer customers the facility of a single CHAPS payment to cover
a large number of stamp duty land tax transactions.
18 January
Stamp Taxes 2D Barcode Decommissioning
Many SDLT customers who used to use 2D Barcoded returns are now discovering
the undoubted advantages of online filing.
17 January
Take up of Stamp Duty Land Tax online
filing (Report 39) (PDF 315K)
Publication of a report summarising the results of Research Report 39 -
qualitative research into online filing of SDLT (Stamp Duty Land Tax) among
solicitors and licensed conveyancers.
16 January
SDLT Technical News (Issue 6)
It contains information relating to announcements made relating to SDLT
in the Pre-Budget Report, HMT consultation on use of SPVs and extension
of SDLT disclosure rules to residential property, SDLT relief for Zero-Carbon
Homes.
15 January
Legislation and
guidance - SDLT Manual - Updates
The HTML version of the Lease chapter of the SDLT Manual was published on
27 December 2007. This replaces the previous PDF version.
11 January
Online Registration for Councils and
Other Government Departments
Councils and government departments can now register for Stamp Taxes Online
service.
03 January
Shared equity leases –
doing these online
Certain guidance appeared to indicate that practitioners needed to submit
paper returns for shared equity lease transactions when a premium is paid/taxable
amount is due. These transactions can be filed online and we have now amended
the guidance to make this clearer.
02 January
Legislation and guidance - Minor changes
to the SDLT 6
Amended guidance is shown on Zero Carbon Relief.
December 2007
17 December
Bearer Instruments: updated version of
Stamps BI.1 Form (PDF 909K)
Form that is required to be completed and forwarded to Stamp Taxes, Birmingham
in respect of denoting and stamping Bearer Instruments.
Bearer Instruments: updated version of
Stamps BI.2 Form (PDF 963K)
Form that is required to be completed and forwarded to Stamp Taxes, Birmingham
in respect of denoting and stamping Bearer Instruments.
Stamp of approval for Online Filing
We are pleased to announce that online filing is now the most preferred
method of filing SDLT, accounting for 44 per cent of all transactions.
14 December
Stamp Duty and Stamp Duty Reserve Tax.
Intermediary and Stock Lending Reliefs – FA 2007
Transaction reporting to a Multilateral Trading Facility, Recognised Foreign
Exchange or Recognised Foreign Options Exchange.
13 December
SDLT Relief for Zero Carbon Homes
The Stamp Duty Land Tax (Zero-Carbon Homes Relief) Regulations 2007 were
laid in Parliament on 18 October 2007 and came into force on 7 December
2007.
7 December 2007
Stamp Taxes reorganisation: update
As part of our drive to improve customer service, from Monday 10 December
all work undertaken in our Newcastle Stamp Office has moved to Birmingham.
6 December 2007
Stamp Taxes: urgent Faxes for 'lost' returns - information removed
23/04/08
From today, a system for 'lost' returns which was operated from the Newcastle
Stamp Office will be provided from the Birmingham Stamp Office at the fax
number: 0121 616 4536.
4 December 2007
Stamp Taxes reminder to customers who use
bar-coded returns
We announced that from 1 December 2007 all bar-coded returns that fail scanning
would be sent back to customers, along with the reason and the process for
rejected documents.
November 2007
20 November 2007
Legislation and
guidance - SDLT Manual - Updates
Recent amendments to the SDLT Manual made on 16 November 2007 are now available.
15 November 2007
Stamp Taxes Reorganisation
As part of our drive to improve customer service, we are continuing to concentrate
most of our work in fewer locations in 2007/08, and centralise in Birmingham.
12 November 2007
SDLT Practitioners' News
Issue 19 is now available. It contains information relating to: - Stamp
Taxes Online filing. Reviewing ways to file returns. Stamp Taxes online
filing - procedure for making payment/submitting plans and schedules.
Update: Submission of Black and White Returns
Please discard all payslips starting with reference number 4068.
08 November 2007
Submission of Black and White returns
We are aware a small number of our customers have been experiencing a problem
when submitting black and white returns.
6 November 2007
Stamp of approval for SDLT Online Service
Solicitors and conveyancers are flocking to HMRC's Stamp Duty Land Tax
(SDLT) Online Service, new figures released today reveal.
5 November 2007
Legislation and guidance - Minor changes
to the SDLT 6
Amended guidance is shown at 2.1(ii) Scottish transactions: Automated Registration
of Title to Land (ARTL).
1 November
Local Authorities and Other Government Departments will soon able to register for Stamp Taxes Online
We are pleased to announce that Government Departments and Local Authorities will soon be able to register with HMRC to enable you to submit SDLT transactions online.
October 2007
29 October
Planned system upgrade will benefit SDLT
customers
A scheduled system upgrade on 30 and 31st October will include improvements
to SDLT online services.
26 October
SDLT CD - Rom: Update
On 7 August 2007 we explained that we would no longer issue copies of our
CD -Rom.
19 October
Intermediary and Stock Lending Reliefs
– FA 2007 Changes (PDF 70K)
Changes to stamp duty and stamp duty reserve tax intermediary and stock
lending relief legislation, which takes effect from 1 November 2007.
18 October
Zero-carbon houses
The regulations which set out how the relief from stamp duty land tax for
zero-carbon houses will operate, has been laid before Parliament.
11 October
Stamp Taxes Online - The online certificate should
be sent to the land registries not the ‘submission successful’
message
We are receiving feedback that some customers are submitting the online
‘submission successful’ message to the land registries for registration
purposes rather than the online certificate.
10 October
Pre Budget Report
Announcements made Tuesday 9th October, relating to: Stamp duty land tax,
Stamp duty and Stamp duty reserve tax.
1 October
Legislation and guidance - Minor changes
to the SDLT 6
Amended guidance is shown on electronic submissions.
SDLT CD - Rom: Update
On 7 August 2007 we explained that we would no longer issue copies of our
CD -Rom.
September 2007
7 September
Printed version of the SDLT 6 revised
We have identified an error within the printed version of the SDLT 6 (July
2007).
6 September
Stamp Taxes Online: Top 5 reasons to file online
Save time and money - file your SDLT returns online
3 September
Reaching-out to customers through ‘Outreach’
Stamp Taxes’ Outreach team was formed in 2007, following the remarkable
success of a series of visits to legal firms and practitioner groups.
August 2007
28 August
Stamp duty land transaction returns
– telephone amendments
SDLT 1s can now be amended by Helpline staff – whether or not the
SDLT 5 certificate has been issued.
22 August
Printed version of the SDLT 6 revised
The latest printed version of the SDLT 6 will soon be available from the
Orderline.
16 August
Updated Stamp Taxes Online landing page
As part of the review on the Stamp Taxes website we have updated The Stamp
Taxes Online landing page.
15 August
SDLT Technical News (Issue 5)
Issue 5 is now available. It contains information relating to: SDLT Finance
Act changes 2007, Finance Act 2007 measure in relation to form SDLT 60,
Section 75A Finance Act 2003, Partnership Property, SDLT Code of Practice
10 Extension plus much more.
10 August
New
International Helpline number
Callers from overseas can now contact the Helpline.
7 August
SDLT CD – Rom: Update
On 13 July 2007 we explained that we would no longer issue copies of our
CD –Rom.
4 August
Legislation and
guidance - SDLT Manual - Updates
Recent amendments to the SDLT Manual made on 2 August 2007 are now available.
3 August
Stamp Taxes Online – No more paper
certificates
Since 1 November 2006, online filers have received electronic SDLT5 certificates
(acceptable to all land registries), and were also sent a paper certificate
by post. From 4th August 2007, we will stop issuing the paper SDLT5 certificate
for all online submissions.
SDLT 6 Guidance notes: now written for screen
reading
A new HTML version of the SDLT 6 Guidance notes is now available.
This allows you full internet navigation (unlike the PDF version) and links
to the relevant parts of the SDLT Manual.
1 August
Online service – duplicate certificates
Following a recent IT system upgrade, some customers may receive two paper
SDLT5 certificates.
Legislation and guidance - Minor changes
to the SDLT 6
Amended guidance is shown on electronic submissions.
July 2007
13 July
SDLT CD-Rom
From 16 July 2007 we will no longer issue copies of our CD-Rom.
10 July
Legislation
and guidance - SDLT Manual - Updates
Recent amendments to the SDLT Manual made on 4 July 2007 and 21 June 2007
are now available.
2 July
Stamp Taxes Re-organisation:
Update
Update on contact details as we move work to Birmingham.
June 2007
29 June
Stamp Taxes Online
The HMRC Online Land Transaction Return has been improved. Users now have
the opportunity to check and confirm the ‘effective date’, prior
to submission where it is more than 30 days after the date of transaction.
25 June
SDLT Practitioners' News
Issue 18 is now available. It contains information relating to: - Unscannable
black and white (2D bar-coded) land transaction returns - change in approach.
Submitting returns beyond the due date: ‘reasonable excuses’
for 2D bar-coded returns and ‘Effective date’ - how to avoid
making errors on SDLT 1 (Question 4) for lease transactions plus much more.
21 June
Where to send SDLT 60s (PDF 38K)
SDLT 60s are being sent to the Stamp Office in error, a SDLT 60 certifies
that a Land Transaction Return (SDLT1) is not required for a land transaction,
the completed SDLT 60 should be forwarded to the nearest Land Registry office
for the property.
5 June
Stamp duty land tax – Form SDLT 60 (PDF
38K)
With effect from the 17 April 2007, only the current version of the SDLT
60 is acceptable [version dated “03/06”]. The SDLT 60 is a statutory
form and the regulations implementing the new version provided for a 12-month
transitional period.
May 2007
30 May
2D barcoded land transaction returns: update on
process change
We previously advised you that we would stop manually inputting 2D barcoded
returns that failed scanning. After monitoring the impact of the letter
that we have been sending to customers, we have decided to extend the period
in which we will continue to manually process these returns.
8 May
Legislation and guidance - Minor changes to the SDLT 6
Amended guidance is shown on the SDLT1 Q12 in respect of code 34.
April 2007
27 April
Legislation and guidance
- SDLT Manual - Updates
On the 16th April we published updates to the Pre-transaction and post-transaction
rulings under Code of Practice 10: General guidance: in the Stamp Duty Land
Tax Manual
Correspondence with the Birmingham Stamp
Office
Birmingham Stamp Office are now dealing with large quantities of post. To
ensure this is dealt with promptly, please mark correspondence with the
relevant topic.
25 April
Legislation and guidance - Minor changes
to the SDLT 6
Amended guidance is shown on completing the SDLT1 Q70 part 3 in respect
of the use of SDLT4, Grant of Leases.
18 April
Stamp Taxes Online
Online filing – ‘Substantial Performance’ Notification.
New guidance is now available.
12 April
SDLT Manual Lease Chapter
The revised lease chapter for the SDLT Manual is now available. To avoid
delay this has been published temporarily in PDF format but will be available
later in the year in fully-searchable html format.
6 April
More grants/assignments of lease
transactions can now be filed online
From April 07 the ‘lease start date’ fields on land transaction
returns will accept dates from 1st January 1500 and also allow future dates
to be entered. This means you will be able to notify many more grants/assignments
of lease transactions online.
March 2007
22 March
SDLT Practitioners' News
Issue 17 is now available.
21 March
Budget 2007 changes to Stamp Duty, Stamp Duty Land Tax and Stamp Duty Reserve Tax
The chancellor today announced changes to stamp duty, stamp duty land tax and stamp duty reserve tax.
16 March
2D barcoded land transaction returns: process change from 1 June 2007
From 1 June 2007 we will stop manually keying 2D barcoded returns that fail scanning and send them back to customers (where possible explaining why the form did not scan.) A replacement form will need to be submitted. From 19 March, letters outlining the new process will be sent to customers whose returns are manually keyed.
19 October
Leases on E
Don’t miss our new step-by-step guide, to filing lease transactions
online, including:
03 October
Stamp Duty Practice on “Wait and See”
cases
Where amount of consideration is subject to variation, pending completion
accounts.
September 2006
26 September
Payments of Stamp Duty Land Tax
We are currently experiencing delays processing cheques for SDLT where the
return was filed electronically.
21 September
Legislation and guidance - Stamp Duty Land
Tax (SDLT) Technical News - Issue 3
Includes information on renaming of the SDLT Technical Newsletter, Consideration,
Budget 2006 and Finance Act 2006 changes, Comparative SDLT treatment of
lease extensions and renewals.
19 September
Legislation and guidance - Practitioners' Newsletter
– Issue 12
Includes information on renaming of the SDLT Practioners Newsletter, Interest
repayments, SDLT payments, HMRC services for customers with special needs
and late filing penalties.
15 September
The new Form SDLT 46
The new Form SDLT 46 ‘Appeal against Penalty Determination’
is now available. Please note: this replaces the original SDLT46 and SDLT47,
both of which were withdrawn in April 2006.
04 September
Legislation and guidance
- SDLT Manual - Updates
Further updates to the Nature of guidance and contact details and Reliefs:
Group, reconstruction or acquisition relief chapters of the stamp duty land
tax Manual were published on 31st August.
August 2006
31 August
New rates of interest on Stamp Taxes
New rates of interest on Stamp Taxes paid late.
New rates of interest on Stamp
Taxes
New rates of interest on Stamp Taxes overpaid will apply from 6th September
2006.
30 August
Legislation and guidance - Minor changes to the SDLT 6
Question 20, guidance is shown on how a 10,000 year lease should be completed, and completing the SDLT1 in respect of old leases, referring to shillings and pence.
21 August
Legislation and
guidance - SDLT Manual - Updates
Further updates to the Compliance chapters of the Stamp Duty Land Tax Manual
– Information on the issue of formal third party notices were published
on 18th August.
18 August
Stamp Taxes calculator and stamp duty
land tax on lease transactions calculator
Due to planned maintenance the calculators will not be available between
11:00 on Saturday 19 August and 16:00 on Sunday 20 August. We apologise
for any inconvenience this may cause.
01 August
Legislation and guidance
- SDLT Manual - Updates
We have published updates to the ' Scope and Relief chapters of the Stamp
Duty Land Tax Manual.
June 2006
27 June
Minor changes to the SDLT 6
Appendix – Local authority codes contained within the SDLT6 incorrectly refers to South Buckinghamshire this should read as "South Bucks" which has now been amended and is reflected in the SDLT6. The local authority codes search facility has been amended to enable an authority such as West Dorset to be searched for under D as well as W, these amendments are a direct result of constructive customer feedback.
26 June
SDLT Manual - Updates
We have published updates to the ' Scope, Processing and Compliance ' chapters
of the Stamp Duty Land Tax Manual.
22 June
Stamp Taxes publish 2nd report on SDLT8s
As part of its ongoing support for customers, Stamp Taxes has analysed the
reasons why SDLT 8 letters are generated.
21 June
Practitioners' Newsletter – Issue 11 (PDF
152K)
Includes information on Stamp Taxes Organisation, Future distribution of
the Newsletter, Stamp Taxes online computer requirements and other SDLT
general issues. The next Technical Newsletter will be published in July.
19 June
SDLT: 2D Barcoded Substitute Form Technical
Pack for Software Developers
Please note that the '2D TPV Business Calculation Rules' has now been updated,
bringing it in line with current legislation.
9 June
SDLT: 2D Barcoded Substitute Form Technical Pack for Software Developers
Please note that the '2D TPV Business Calculation Rules' have been withdrawn
for updates to be made to the calculations, bringing it in line with current
legislation.
May 2006
23 May
Legislation and guidance - Changes to
the online SDLT6 Guidance Notes
The online version of the SDLT6 guidance notes on how to complete your land
transaction return SDLT1, SDLT2, SDLT3 and SDLT4 was updated on 3rd May
2006. A full list of the changes are now available.
16 May
SDLT 46 & SDLT 47
A news item was published on 24 April 2006 advising that these
forms have been withdrawn. Please note that they have been temporarily withdrawn
whilst a replacement is drafted. The replacement will be posted onto the
website as soon as it becomes available.
9 May
Legislation and guidance - Stamp Taxes Publications Calendar
Stamp Taxes have issued a Publications Calendar to inform customers of the
publication of Stamp Taxes forms, leaflets, guidance/legislation etc. The
calendar also reflects the consultation period for comments on various publications.
3 May
Legislation
and guidance - SDLT Manual - Updates
We have published updates to the 'Reliefs' and 'Application' chapters of
the Stamp Duty Land Tax Manual.
April 2006
28 April
The stamp duty land tax (Amendment To
The Finance Act 2003) Regulations 2006
The Regulations supplement the provisions in Finance Act 2003 for determining
what is and what is not chargeable consideration for stamp duty land tax
(‘SDLT’) purposes. ‘Chargeable consideration’ is
the amount on which SDLT is charged.
24 April
SDLT46 & SDLT47
These forms have been withdrawn, as of 21st April 2006.
13 April
Revised SDLT 60 and new Guidance Notes SDLT 68
A revised SDLT 60 and new Guidance Notes SDLT 68 are now available and should
be used from 17/4/06.
10 April
Stamp 61
This form has been withdrawn. Customers should send a letter listing documents
sent through the post for impressed stamping to London
Stamp Office.
3 April
Stamp duty land tax - Recognised
Suppliers of 2D Barcoded Substitute SDLT Forms
Updated list of recognised suppliers of 2D barcoded substitute SDLT forms.
Also, visit our list of 3rd Party Internet filing software, successfully
tested with us to ensure that their SDLT forms can be filed online.
March 2006
31 March
Stamp Duty Land Tax - Recognised
Suppliers of 2D Barcoded Substitute SDLT Forms
Updated list of recognised suppliers of 2D barcoded substitute SDLT forms.
Also, visit our list of 3rd Party Internet filing software, successfully
tested with us to ensure that their SDLT forms can be filed online.
Stamp Taxes Online Frequently Asked Question
Updated Online FAQ concerning the issue of an SDLT 12.
22 March
Budget 2006 change to Stamp Duty Land Tax
threshold
The chancellor today announced a rise in the threshold of stamp duty land
tax to £125,000.
1 March
Problem with the calculator tool in mixed DAR cases
The calculator tool can not be used for any transaction which includes a
mixed DAR element.
Interest Charges made on Stamp Duty Land
Tax cases from 1st December 2003 to 25th September 2005
We have repaid all payments of interest incorrectly charged by the published
deadline of 31st January 2006.
February 2006
22nd February
Practitioners' Newsletter – Issue
10 (PDF 178K)
Includes information on land transaction returns, our new online product
– Online Tax Return – Land Transaction, 2-d barcode issues and
other SDLT and general issues.
Technical Newsletter – Issue 2 (PDF
136K)
Includes information on shared ownership leases, working enquiry cases and
exchanges.
9th February
Stamp Duty Land Tax: Guidance on Paragraph 2(4A) of Schedule 7,
Finance (No 2) Act 2003
Paragraph 2 (4A) of Schedule 7 Finance Act 2003, inserted by paragraph 19
of Schedule 10, Finance (No 2) Act 2005, introduce new restrictions on the
availability of stamp duty land tax (SDLT) group relief under Schedule 7,
F.A. 2003.
1st February
Section 50 Finance (No.2) Act 2005 –
Secondary Legislation to specify a further qualifying Mutilateral Trading
Facility (MTF)
Includes an update specifying a further qualifying Trading Facility (MTF).
January 2006
19th January
Stamp Taxes/Stamp Duty Customer Promise
and Service Information
We would like to draw your attention to the updated guidance concerning
our Customer Promise and Service Information.
Stamp Duty: Interest & Penalties
- Pre 1/12/03
We would like to draw your attention to the updated guidance concerning
payment of Stamp Duty: Interest & Penalties.
16th January
Stamp Taxes – Updated Complaints
Procedure
An updated description of the Stamp Taxes Complaints Procedure has now been
published.
Stamp Taxes - Updated Contact Details
An updated list of Stamp Office addresses, telephone numbers and opening
hours has now been published.
Amended Use of the SDLT 60
We would like to draw your attention to an update to the list of amendments,
facilitating the use of the SDLT 60.
13th January
Stamp Taxes Online Frequently Asked Questions
The latest version of our 'Stamp Taxes Online Frequently Asked Questions'
is now available.
