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 >
27/08/2025
HMRC targets personal expenditure
HMRC will run a digital campaign to ensure that self assessment taxpayers do not claim tax relief for personal expenditure on 2025/25 tax returns, according to the ICAEW.
READ MORE
HMRC cuts late payment interest
HMRC will reduce late payment and repayment interest rates from 27 August following the 0.25% cut in the base rate earlier in the month.
Child Benefit claims deadline approaching
Parents have less than two weeks to tell HMRC their 16-19-year-old is continuing education or training, or their Child Benefit payments will stop.
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.