Chancellor confirms consideration of AAT Stamp Duty liability proposal
In his first interview as Chancellor, published in today’s Times, Sajid Javid MP has confirmed he is considering the Association of Accounting Technicians (AAT) recommendation to switch Stamp Duty liability from the buyer to the seller.
AAT has been campaigning for this change for several years, met Boris Johnson to discuss the plans earlier this summer and has already had an exchange of correspondence with the new Chancellor on the idea. The organisation has also engaged with numerous civil servants, special advisers and politicians from across the political divide on the issue.
Phil Hall, AAT Head of Public Affairs & Public Policy, said;
“AAT is naturally pleased that the Chancellor has publicly acknowledged he is giving serious consideration to our proposals. AAT does not believe switching Stamp Duty liability is a panacea, but it would be considerably fairer, simpler, more effective and cheaper than the current Stamp Duty regime.”
Kindly shared by Association of Accounting Technicians