Tax Simplification

Stamp Duty Review

The Office of Tax Simplification is currently undertaking a review of Stamp Duty. Stamp Duty is paid on share transactions, although there are numerous exceptions and ways to avoid paying it. Although this review seems to be primarily focussed on technical aspects and how to remove paper processes (still needed for off-market transfers for example), ShareSoc argues that the tax should be scrapped altogether. Our full submission to the review can be read here: https://www.sharesoc.org/Stamp-Duty-Review-2016-12-24A.pdf. This is a simple example of the work ...