HMRC will not be producing their stamp duty land tax CD-ROM once current stocks have been exhausted. They explain that they are stopping it as demand for the CD-ROM has significantly reduced with the introduction of SDLT online. HMRC add that online filing has various advantages over the CD, including fast electronic delivery of SDLT 5 certificates and built-in validation, and they hope that CD-ROM users will move over to online filing.www.hmrc.gov.uk
When asked about the number of direct tax schemes notified under the disclosure of tax schemes regime, John Healey said that for the period to 31 March 2007 over 1,450 direct tax schemes (income tax, corporation tax, capital gains tax and stamp duty land tax) and over 800 VAT schemes had been disclosed.Hansard, 13 June 2007, vol 461, no 104, col 1124W
The Times has reported ('Thousands of buy-to-let families face tax shock', 29 May 2007) that 'The taxman is preparing to clamp down on tens of thousands of buy-to-let property owners who may not have paid enough tax … HMRC have identified 80,000 landlords who may have claimed too much tax relief or have failed to declare the amount of rent they receive from the property, or a capital gain made on the sale of the property'. In this respect, HMRC have advised Taxation: