Stamp duty receipts hit a record high of nearly £3bn in the last quarter of 2021.
The British obsession with properly continued in 2021, with stamp duty receipts in the last quarter of 2021 nearly reaching £3bn, a nice windfall for the Government from the pandemics boom in the housing market.
The stamp duty receipts of £2.95bn beat the previous record of £2.6bn from the third quarter of 2017.
Stamp duty receipts hit a record high of nearly £3bn in the last quarter of 2021.
Higher prices are a significant driver of stamp duty receipts with the covid pandemic driving prices up.
Also the deposit required by an average first time buyer is now at a record high of total gross annual earnings, this is expected this to dampen price growth.
The UK self assessment tax return filing deadline for 2020/21 has been extended by a month to the end of February 22 with all payments being required by 1 April 2022.
HMRC took this decision due to the Covid-19 pandemic putting additional pressures on to taxpayers.
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