TaxAdministrationStamp duty reform work canned

Stamp duty reform work canned

The Inland Revenue has called off a series of meetings on the reformation of stamp duty, claiming that a build up of work at the Treasury is preventing more work being done.

Link: Latest Stamp Duty draft legislation slammed

An email was sent to advisors working on the project, saying that all meetings were cancelled until ‘further notice’, the Financial Times reported today.

One member of the committee tasked with ensuring the reform is fair told the FT: ‘We have no idea what’s going on. It would be very helpful if they were not so opaque.’

Speculation over the reasons for the cancellations have started in earnest, with some wondering whether ministers were considering more radical changes to stamp duty.

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