Figures published recently by HMRC have shown that £1.31 billion was paid in Stamp Duty Land Tax (SDLT) in November.
HMRC said that this amount was due to increased transactions and changes to policy.
The stamp duty threshold is set to fall in April 2025, making more individuals liable to the tax. The exemption threshold for standard residential properties will reduce from £250,000 to £125,000 and for first-time homebuyers it will fall from £425,000 to £300,000.
Experts have warned that the threshold changes will cause bills to rise and generate additional stamp duty charges for homebuyers.
Meanwhile, HMRC’s data also showed that inheritance tax (IHT) receipts reached £5.7 billion between April 2024 and November 2024.
Tax receipt figures for other taxes revealed that £294.4 billion was paid in income tax, Capital Gains Tax (CGT) and National Insurance between April 2024 and October 2024
24/12/2024
View all >
15/10/2026
Six months until next phase of Making Tax Digital rollout
HMRC expects that more than 1m taxpayers will be required to use digital recordkeeping and send quarterly updates to HMRC when the second phase of MTD for Income Tax is extended from 6.4.27.
READ MORE
Applications open for scheme to cut electricity bills for manufacturers
Applications opened on 1 October 2026 for the British Industrial Competitiveness Scheme (BICS) as part of a government project to cut costs for businesses.
Responses to Shadow Chancellor's party conference speech
On 5 October, Shadow Chancellor, Andrew Griffith, delivered his speech to the Conservative Party conference.
Sign up to keep in touch to receive our latest news and industry updates.
* *
Yes, I would like to receive email updates providing me with the latest finance news, advice guides and details of future events.