Protective claims for overpaid stamp duty reserve tax
Advocate General Mengozzi (the AG) has opined that the UK Government’s levying of SDRT in such companies raising capital outside the UK is unlawful.
The AG invited the European Court of Justice to agree with his conclusions that the levying of SDRT on UK circumstances constitutes a breach of European Community law.
This means that an opportunity has arisen to submit claims for repayment of the 1.5% Stamp Duty Reserve Tax charge incurred by UK public companies in the last six years.
This briefing document provides an explanation of the legal basis for the claims and action to be taken.
Protective claims ought to be made without delay. Deloitte can assist you in identifying, preparing and submitting potential claims.