Decision Maker: Director of Finance and Resources, Section 151 Officer
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
To engage tax consultants PSTAX to perform a
bespoke exercise to review the Council’s liability to Stamp
Duty Land Tax. And potential for refunds.
The Council currently engages PSTAX to provide
advice and guidance on all tax matters. An opportunity has arisen
to work with PSTAX in pursuit of potential SDLT refund claims
dating back up to 4 years. The review will also look into current
and future purchases where the council is unable to claim exemption
at the time due to awaited or unconfirmed funding being
applied.
This review will be on a ‘no refund, no fee’ contingent
service. Fees will be 10% of any gross refunds received from HMRC
as a result of claims submitted using the PSTAX claim
process.
Not to progress the review. Rejected due to
the opportunity for identifying potential refunds.
Publication date: 08/08/2023
Date of decision: 24/05/2023