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HMRC have launched a consultation Stamp duty land tax: changes to the filing and payment process.  This includes a reduction in the filing and payment window from 30 days to 14 days from 2017-18 onwards.

The aim of the proposals is to make SDLT filing and payment more efficient whilst also reducing errors and inaccuracies.  Unsurprisingly given HMRC’s big digital drive many of the proposals focus on getting more activity online with less paper forms.

The proposed changes include:

The reduction in the payment and filing window will be implemented during 2017-18.  The exact date is not clear but is likely to be between 1 January and 1 March 2018.  The other proposals would be implemented during 2017-18 or later depending on complexity.

Comments are invited up to 7 October 2016.  This will be followed by further consultation on the specific design of the changes.

Links

Our guide: Stamp Duty Land Tax: rates & reliefs

Consultation document: Stamp duty land tax: changes to the filing and payment process