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Stamp Duty revamp meetings postponed

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  • 31/01/2003
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Meetings over the modernisation of Stamp Duty have been cancelled, although the Inland Revenue claim...

Meetings over the modernisation of Stamp Duty have been cancelled, although the Inland Revenue claimed the topic was not being sidelined.

An spokeswoman for the Inland Revenue said: ‘Ministers are still considering the key elements of the package to modernise Stamp Duty.’ However, she was unable to say why the meetings had been brought to a halt.

A spokesman for the Treasury added: ‘There has been a temporary hiatus in the process while options are looked at.’

He said suggestions the process was being scrapped were ‘overheated.’

Recommendations will be made to the Government on possible changes to Stamp Duty on 24 February, following a consultation period on the subject that began at the end of February 2002.

The Government has said it wants to modernise the collection of Stamp Duty, although it has not commented on altering the levels at which it is set.


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