Call for evidence outcome

Call for evidence: modernisation of the stamp taxes on shares framework

• From: HM Revenue & Customs
• Published: 21 July 2020
• Last updated: 20 July 2021 — See all updates

This call for evidence has closed

Read the full outcome

Modernisation of the Stamp Taxes on Shares Framework: summary of responses

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Detail of outcome

The call for evidence opened a conversation on potential options for modernisation of the Stamp Taxes on shares framework. It sought views on what the principles and design for a new framework should be, and what changes within a modernisation programme should be prioritised.

We received 33 written responses, along with comments made during meetings with stakeholders.

The government has carefully considered the responses and will explore the feasibility and implications associated with the key priority areas identified, including by setting up a Working Group to work collaboratively with stakeholders.

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Original call for evidence

Summary

We welcome your views on the principles and design of a new framework for Stamp Duty and Stamp Duty Reserve Tax.

This call for evidence ran from
9:30am on 21 July 2020 to 11:45pm on 13 October 2020

Call for evidence description

This call for evidence invites views on the principles and design of a new framework for Stamp Duty and Stamp Duty Reserve Tax (SDRT), both of which tax transactions in shares and securities.

This will inform a longer-term modernisation of the regimes by seeking views on the principles and design of a new framework, and the prioritisation of elements within the overall modernisation programme.

We are not seeking views on detailed policy or legislative proposals.

On this page you can read the Call for Evidence document ‘Modernisation of the stamp taxes on shares framework’.

Documents

Modernisation of the Stamp Taxes on Shares Framework - call for evidence

PDF, 356 KB, 28 pages

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Published 21 July 2020
Last updated 20 July 2021 + show all updates

1. 20 July 2021

   Published consultation outcome and summary of responses.

2. 21 July 2020

   First published.