Stamp Duty Land Tax Returns – errors in SDLT1 boxes 49-51
HMRC Stamp Taxes have issued a letter noting a small but significant number of errors in Stamp Duty Land Tax Returns (SDLT1) where information provided is incorrect. This applies mainly to electronic rather than paper filing.
The errors relate to information provided in boxes 49-51 of the SDLT 1. Box 49 requests the National Insurance number of the first purchaser and boxes 50-51 request alternative information if the first purchaser does not have a permanent National Insurance number.
The letter notes two examples of information provided incorrectly. HMRC also say that they will consider imposing a penalty of up to £3,000 under Finance Act 2003 section 96 in cases where HMRC has contacted the agent to point out that ‘obviously’ incorrect information has been provided and offered assistance but the agent continues to send in incorrect returns.
The letter and HMRC guidance on how to complete boxes 49-51 is attached.
If members have any concerns on the content of the letter or the guidance, please email Kate Willis, technical officer at kwillis@ciot.co.uk
Technical Team
7 October 2011
