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SDRT

Stamp tax: new and improved

Public to private

HMRC have commissioned an enhanced stamp duty reserve tax (SDRT) assessment system, which is scheduled to go live in June 2014.

The aim of the new offering – developed and delivered by financial services company Euroclear UK & Ireland Ltd – will be to rebalance the established market practice of gross transactions being sent for reporting and assessment for SDRT at a centralised point.

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