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21 Sep 2026
The Association for Financial Markets in Europe (AFME) and UK Finance welcome the opportunity to respond to His Majesty's Revenue and Customs (HMRC) consultation on draft legislation introducing the Securities Transfer Tax (STT).
We welcome the modernisation and simplification of the legislative framework. The draft legislation is well laid out and straightforward to follow, and the drafting is much clearer.
We welcome the self-assessed nature of the regime which will eliminate the need for HMRC clearances and simplify the administration of STT.
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