HM Revenue & Customs (HMRC) is seeking to implement further radical changes to the way stamp duty land tax (SDLT) is paid and processed by them in the future.

The Law Society has published their response to HMRC's proposed changes, after undertaking a consultation with its members, including firms and practitioners.  

There is no doubt that the reduced SDLT filing and payment window (from 30 to 14 days) will initially be burdensome to many law firms and will inevitably lead to extra penalty payments being implemented by the Revenue. If you ignored the consultation and did not recommend the status quo you will no doubt be suffering the consequences shortly.