Stamp Taxes on Shares modernisation
Read the full outcome
Detail of outcome
The consultation set out proposals for a revised framework for Stamp Taxes on Shares and sought formal views on those proposals in relation to the 0.5% principal charging regime.
The consultation received 65 written responses, along with comments made during the 4 stakeholder requested consultation meetings.
The government has carefully considered the responses and for the majority of proposals, the government will be proceeding as outlined in the consultation document. In a small number of instances the government has amended proposals in response to feedback and some of the proposals dealt with technical detail that is most appropriately considered at the point of legislating.
Original consultation
Consultation description
This consultation follows on from the Call for Evidence published in 2020 and seeks views on proposals to modernise the Stamp Taxes on Shares framework.聽It includes questions on:聽
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whether to have a single tax on securities rather than the current framework of both Stamp Duty and Stamp Duty Reserve Tax聽
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proposals for the assessment and administration of any new single tax on securities
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proposals for key elements of any new single tax on securities including liability, tax base, geographical scope, compliance regime and exemptions and reliefs
This consultation is likely to be of interest to taxpayers, investors, businesses, tax advisors, practitioners and their representative bodies, tax lawyers and their representative bodies, stockbrokers, stock traders, stock markets and anyone that is involved with or has an interest in the buying and selling of securities.
Documents
Updates to this page
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Published consultation outcome and summary of responses.
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First published.