Stamp duty reserve tax (SDRT) meaning

In this issue: Budgets and Finance Bills Companies and corporation tax Real estate tax International Devolution Employment taxes Daily and weekly news alerts New and updated content Dates for your diary Trackers Useful information Budgets and Finance Bills Finance Bill 2026—Closing in on promoters of tax avoidance schemes The government is bringing forward, in Finance Bill 2026, new provisions to clamp down on the promotion of marketed tax avoidance schemes. Pinsent Masons’ Contentious Tax Legal Directors, Abigail McGregor and Ian Robotham, examine the changes and reflect on their real-world impact. See News Analysis: Finance Bill 2026—Closing in on promoters of tax avoidance schemes. Finance Bill 2026—Loan charge review: Final Report and government response The independent review’s Final Report on the Loan Charge, and the government’s reply to it, were released alongside Budget 2025; Finance Bill 2026 now includes clauses implementing the recommendations that were accepted. Macfarlanes tax...

In this issue: Tax (Stamp taxes: Share transfers and Private M&A) Equity capital markets Accounts and reports Environmental, social and governance issues Daily and weekly news alerts Dates for your diary Trackers Useful information Tax (Stamp taxes: Share transfers and Private M&A) Tax update spring 2025—Tax analysis On 28 April 2025, the government unveiled a package of technical tax policy proposals aimed at simplifying and reforming the tax system and improving tax administration. The package comprised draft legislation, new consultations, various technical papers and responses to consultations, together with updates on previously announced measures alongside the fresh initiatives. The update includes the Consultation outcome on the 2023 consultation titled ‘Modernisation of the Stamp Taxes on Shares Framework’. In it, the government confirms that, in 2027, it intends to replace stamp duty and stamp duty reserve tax (SDRT) with a single, self-assessed tax on securities, broadly in line with the proposals set out in the 2023...

FORTHCOMING CHANGE relating to the modernisation of stamp taxes on shares framework: In 2027, stamp duty and SDRT are set to give way to a unified, self-assessed levy on securities—the securities transfer charge (STC)—to be paid and reported through a new digital portal. In broad terms, the STC’s design will align with the proposals for that tax set out in the 2023 consultation. Finance Bill 2026 (FB 2026) creates a power, commencing on Royal Assent, for secondary legislation that will enable taxpayers to pilot the digital service by self-assessing their stamp taxes on securities obligations and submitting transactions electronically via the service. This will allow reporting and payment to be handled online as part of the modernisation of stamp taxes on shares. For detailed coverage of the modernisation of stamp taxes on securities, see: News Analyses: Budget 2025—Tax analysis—Stamp and transfer taxes Tax update spring 2025—Stamp taxes on shares modernisation Tax update spring 2025—Tax analysis—Stamp and transfer taxes TAMD 2023—Stamp taxes on...

FORTHCOMING CHANGE relating to the modernisation of stamp taxes on shares framework: From 2027, stamp duty and SDRT will be replaced by a single, self-assessed tax on securities—the securities transfer charge (STC)—which will be paid and reported via a new online portal. The STC’s features will largely reflect the proposals for that tax set out in the 2023 consultation. Finance Bill 2026 (FB 2026) provides a power, commencing on Royal Assent, to introduce secondary legislation so taxpayers can pilot the digital service by self-assessing their stamp taxes on securities liabilities and submitting transactions electronically. For more on the modernisation of stamp taxes on securities, see: News Analyses: Budget 2025—Tax analysis—Stamp and transfer taxes Tax update spring 2025—Stamp taxes on shares modernisation Tax update spring 2025—Tax analysis—Stamp and transfer taxes TAMD 2023—Stamp taxes on shares modernisation TAMD 2023—consultation—stamp taxes on shares Tax Administration and Maintenance Day—27 April 2023—Stamp and transfer taxes...

ARCHIVED: This archived Practice Note, which reviews the tax measures introduced by the government in response to the coronavirus pandemic and other tax steps of particular relevance, is not updated and is provided for background information only The government introduced a series of measures in response to the coronavirus (COVID-19) crisis, either specific to the UK tax regime or administered by HMRC. HMRC also published a business support finder tool to help businesses and the self-employed swiftly identify what financial assistance was available. See: Find coronavirus support for your business. For ease of use, this Practice Note is divided into: EMPLOYMENT SELF-EMPLOYMENT TRADING LOSSES VAT STAMP TAXES INTERNATIONAL TAXES MANAGEMENT AND LITIGATION INCENTIVISED INVESTMENT EMPLOYMENT Coronavirus job retention scheme (CJRS)—CLOSED The coronavirus job retention scheme (CJRS) offered support to employers with a UK payroll by way of a grant to help meet salary costs for ‘furloughed’ employees during the pandemic. The initial iteration...