The government confirmed at Spring Budget 2017 its decision to postpone the proposed reduction of the SDLT filing and payment window from 30 days to 14 days until 2018/19. HMRC consulted between August and October 2016 on introducing the change from 2017/18.
The government confirmed at Spring Budget 2017 its decision to postpone the proposed reduction of the SDLT filing and payment window from 30 days to 14 days until 2018/19. HMRC consulted between August and October 2016 on introducing the change from 2017/18.
The main concern raised in responses to the consultation concerned the difficulties conveyancers dealing with certain complex transactions could have in complying with the 14-day deadline, particularly where they are required to provide additional information for property subject to leases. This additional information is requested by HMRC and collected on behalf of the Valuation Office Agency. The delay in implementation will give HMRC time to address issues raised during the consultation, including the best way to separate the VOA information from the main SDLT return information. Implementation will not be before April 2018.
The government confirmed at Spring Budget 2017 its decision to postpone the proposed reduction of the SDLT filing and payment window from 30 days to 14 days until 2018/19. HMRC consulted between August and October 2016 on introducing the change from 2017/18.
The government confirmed at Spring Budget 2017 its decision to postpone the proposed reduction of the SDLT filing and payment window from 30 days to 14 days until 2018/19. HMRC consulted between August and October 2016 on introducing the change from 2017/18.
The main concern raised in responses to the consultation concerned the difficulties conveyancers dealing with certain complex transactions could have in complying with the 14-day deadline, particularly where they are required to provide additional information for property subject to leases. This additional information is requested by HMRC and collected on behalf of the Valuation Office Agency. The delay in implementation will give HMRC time to address issues raised during the consultation, including the best way to separate the VOA information from the main SDLT return information. Implementation will not be before April 2018.
