Who do you pay stamp duty to in UK


Greg Dickson

Greg Dickson, Director of Thomtax, offers expert tax solutions since 1995, blending seasoned strategies with a personalized touch for each client's unique needs.

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In the UK, stamp duty is a tax paid to the government via HM Revenue and Customs (HMRC). This payment must be made within 14 days of completing a property transaction and can be done using the online services provided by HMRC or through your solicitor, agent, or conveyancer. It’s important to make sure that this payment is submitted in time so you don’t incur any penalties.

The Stamp Duty Land Tax (SDLT) return form needs to be filled out in order to complete the process. Taking care of this promptly will ensure that your property transaction goes ahead without a hitch! If there is hitch you can claim a refund

What happens if you don’t pay it on time?

If you don’t pay the Stamp Duty Land Tax (SDLT) on time in the UK, there will be consequences from HM Revenue and Customs (HMRC). Late payment of this tax can result in penalties, as well as interest charges.

The penalties for a late return submission are:

£100 if up to 3 months late; £200 if more than 3 months late; and an additional tax-based penalty if 12 months late or more.

In addition, overdue taxes will accrue interest at a rate determined by HMRC – make sure to check their website for current rates. And finally, unpaid SDLT within 30 days of the due date may incur a late payment penalty calculated as a percentage of the outstanding

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