Naomi Lawton (A&O Shearman) finds much to welcome in the Government’s latest policy statements.
On 28 April 2025 the UK Government published two documents relating to the reform of its stamp taxes regime:
Modernisation of the Stamp Taxes on Shares Framework- Summary of responses (the consultation response document) further to the 2023 consultation on stamp taxes on shares modernisation; and
Modernisation of the Stamp Taxes on Shares Framework: 1.5% charge (the consultation on the 1.5% charge).
These two documents represent a significant advance in the long and circuitous road to a new UK securities tax which began in earnest in 2017 with a report by the (then) Office of Tax Simplification recommending a significant overhaul of the stamp duty system.
The UK’s stamp taxes on shares – comprising stamp...
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Naomi Lawton (A&O Shearman) finds much to welcome in the Government’s latest policy statements.
On 28 April 2025 the UK Government published two documents relating to the reform of its stamp taxes regime:
Modernisation of the Stamp Taxes on Shares Framework- Summary of responses (the consultation response document) further to the 2023 consultation on stamp taxes on shares modernisation; and
Modernisation of the Stamp Taxes on Shares Framework: 1.5% charge (the consultation on the 1.5% charge).
These two documents represent a significant advance in the long and circuitous road to a new UK securities tax which began in earnest in 2017 with a report by the (then) Office of Tax Simplification recommending a significant overhaul of the stamp duty system.
The UK’s stamp taxes on shares – comprising stamp...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
