Stamp duty

Stamp duty

FORTHCOMING CHANGE relating to the modernisation of stamp taxes on shares framework: Stamp duty and SDRT will, in 2027, be replaced with a single, self-assessed tax on securities, the securities transfer charge (STC), that will be paid (and reported) through a new online portal. The features of the STC will generally follow the proposals for that tax outlined in a consultation undertaken in 2023. Finance Bill 2026 (FB 2026) introduces a power that will take effect from Royal Assent to allow secondary legislation to be introduced to enable taxpayers to test the new digital service by self-assessing their stamp taxes on securities obligations and to report transactions electronically through a digital service. For more information 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 and Tax Administration and Maintenance Day—27 April 2023—Stamp and transfer taxes.

Additionally, the government consulted on modernising and clarifying the legislation imposing the

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

TAKE A FREE TRIAL

Latest Tax News

Tax weekly highlights—15 January 2026

This week's edition of Tax weekly highlights includes: (1) News Analyses on the FTT’s decisions in Ripe Ltd and Littlewoods, (2) the UK’s double tax treaties with Andorra, Portugal and Romania coming into force, (3) News Analysis on the Court of Appeal’s decision in Sintra Global Inc and (4) the publication of the Scottish Budget.

FTT holds that taxpayer can recover input tax costs incurred in producing product-specific photos (Littlewoods Limited v HMRC)

Tax analysis: In Littlewoods Ltd v HMRC, the First-Tier Tax Tribunal (FTT) found in favour of the taxpayer against HMRC’s decision to refuse the taxpayer’s claims to recover input tax costs incurred in producing product-specific photographs (eg studio, modelling, props) used in catalogues and on its website.

Court of Appeal clarifies approach on burden of proof in penalty appeals (HMRC v Sintra Global Inc and another)

Tax analysis: In HMRC v Sintra Global Inc and another, the Court of Appeal considered whether the burden of proof falls on the taxpayer or HMRC in a penalty appeal where the taxpayer seeks to challenge the penalty on the basis that the underlying tax liability is wrong.

FTT finds that licence of client list and related data was an intangible fixed asset for corporation tax purposes (Ripe Ltd v HMRC)

Tax analysis: In Ripe Ltd v HMRC, the First-tier Tax Tribunal (FTT) allowed the taxpayer’s appeal against closure notices and assessments denying corporation tax deductions for the amortisation of a licence of a client list and related data on the basis that the licence was not an intangible fixed asset (IFA). Although the matters in question predate the successive rules that have applied to goodwill and customer-related IFAs (known as ‘relevant assets’) since 3 December 2014, the decision is a helpful illustration of some of the basic principles applicable to the taxation of IFAs.