Refund now, check later SDLT claims
HMRC has changed its policy with the intention of speeding up refunds of stamp duty land tax. This sounds like good news but there’s a sting in the tail. What’s the full story?
Following criticism about delays, HMRC has updated its policy for processing stamp duty land tax (SDLT) refund claims. Since 18 June it has adopted a refund now, check later policy.
After a repayment has been made HMRC has up to nine months to carry out a compliance check if it feels one is needed. Individuals should therefore not assume that receipt of a refund means that HMRC has accepted a claim. In its latest guidance it says that if arepayment is received where the amount claimed was not due, it must be paid back along with interest. Penalties can also apply if an error is made in a claim. This makes it all the more important to keep records to support claims.
Related Topics
-
Who can't yet sign up for MTD IT?
Making Tax Digital for Income Tax (MTD IT) becomes mandatory from April 2026 for sole traders and landlords with qualifying income over £50,000. However, HMRC’s current guidance makes clear that not everyone can sign up yet. If you are preparing early, are you actually eligible?
-
MONTHLY FOCUS - PROFIT EXTRACTION PLANNING AHEAD OF 5 APRIL 2026
The end of the 2025/26 tax year is fast approaching. In this Monthly Focus we look at ways to get money out of your company tax efficiently, and consider whether limited is still the way to go for your business.
-
HMRC updates advisory fuel rates from 1 March 2026
HMRC has published the latest advisory fuel and electric rates (AFRs) for company cars, effective from 1 March 2026. Several rates have changed since the previous quarter. What should employers be aware of?
This website uses both its own and third-party cookies to analyze our services and navigation on our website in order to improve its contents (analytical purposes: measure visits and sources of web traffic). The legal basis is the consent of the user, except in the case of basic cookies, which are essential to navigate this website.