Closing the Stamp Duty Loophole
Avinash Persaud – Intelligence Capital, April 2015
This paper estimates that £1.2bn to £1.9bn could be generated by closing loopholes in the UK’s stamp duty on share transactions, leading to an increase in total revenues from £3.1bn to £4.3bn to £5.0bn.
It focuses predominantly on preventing abuse of intermediary relief (sometimes known as the market-makers’ exemption). It also describes closing other loopholes that would raise a further £300m with a potential to bring in £5.3bn in total.
Read the full report here.