On 10 August 2016, HMRC launched a consultation on changes to the stamp duty land tax (SDLT) payment and return filing process.

It had already been announced in Autumn Statement 2015, that the SDLT payment window would be reduced from 30 days to 14 days with effect between 2017-2018. It is now considered “likely” that this reduction in the payment window will take effect between January-March 2018. This consultation proposes further changes, intended to “increase efficiency, and reduce the compliance burden and costs” including:

  • making online filing of SDLT returns, and electronic payment of SDLT, mandatory for agents
  • allowing SDLT returns to be amended online within 12 months of submission.

The consultation can be viewed here.