Stamp Duty (Hansard, 27 October 1999)

§ Mr. Maude
To ask the Chancellor of the Exchequer if he will assess the cost in terms of lost revenue of exempting trades under £5,000 from stamp duty on share transactions. [95090]

§ Miss Melanie Johnson
The 1999 Budget forecast of revenue from stamp duty on transactions in shares and other securities is £3.3 billion in 2000–01.

§ Mr. Maude
To ask the Chancellor of the Exchequer if he will assess the cost in terms of lost revenue of reducing the rate of stamp duty on share transactions to(a) 0.4 per cent., (b) 0.3 per cent., (c) 0.2 per cent., (d) 0.1 per cent. and (e) 0.003 per cent. [95091]

§ Miss Melanie Johnson
The 1999 Budget forecast of revenue from stamp duty on transactions in shares and other securities is £3.3 billion in 2000–01. The estimated costs of reducing the rate of duty from the current 0.5 per cent. are given in the table. These estimates take account of the impact the relevant changes would be expected to have on the value of share transactions.

£ billion

Reducing the rate of duty on share transactions to Estimated cost

(a) 0.4 per cent. 0.6

(b) 0.3 per cent. 1.2

(c) 0.2 per cent. 1.8

(d) 0.1 per cent. 2.5

(e) 0.003 per cent. 3.3

£ billion
Reducing the rate of duty on share transactions to	Estimated cost
(a) 0.4 per cent.	0.6
(b) 0.3 per cent.	1.2
(c) 0.2 per cent.	1.8
(d) 0.1 per cent.	2.5
(e) 0.003 per cent.	3.3