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Briefing Barcelona UK EU Compare 2025
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Stamp duty in the Autumn Statement 2023: update on the 1.5% charge and extension of the growth market exemption
The Budget Resolutions published following the Autumn Statement 2023 give temporary statutory effect to provisions intended to remove the UK’s 1.5% stamp duty charge in many circumstances where it would have previously been disapplied under EU law and to...
UK scraps the bonus cap - competitive divergence or prudent policymaking?
On 24 October 2023, the PRA and the FCA issued a joint policy statement (PS) announcing that the bonus cap would be scrapped from 31 October 2023. The move follows a joint consultation paper (CP) published in December 2022, which itself gave effect to a...
Has the UK just abolished its 1.5% stamp duty charge?
“I see the 1.5% is being removed!” was the subject line of a client e-mail received early last Thursday afternoon in light of HMRC’s latest announcement. To which the answer is “not quite!” No resurrection of the 1.5% stamp duty charge on capital raisings...
Has the UK just reintroduced its 1.5% stamp duty charge on share issues?
The short version: it seems that it has, with effect from 1 January 2024, as a result of the Retained EU Law (Revocation and Reform) Bill receiving Royal Assent on 29 June 2023. What is currently unclear is whether that is a deliberate policy choice or an...