Continued delays to administration of Stamp Duty Land Tax are being blamed by HMRC on solicitor firms that have yet to twig to filling out forms correctly, reports The Daily Telegraph.
About a third of all forms are being rejected by the department, according to Telegraph figures, with most failures blamed on “simple mistakes in completing the form”. The Law Society rejects the department’s accusations, stating that the computerised SDLT system has problems distinguishing between, for example, the letter ‘D’ or commas and the number ‘0’, which can lead to houses valued at £100,000 being read as £1m, with a subsequent tax bill of £40,000. Additional delays of up to three weeks in the mortgage and house buying process are being blamed on the SDLT system, which may be ...
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