The 2014 Finance Bill - Other taxes 31 March 2014 0 comments Share Annual tax on enveloped dwellings (ATED) ATED extended from 1 April 2015 to properties worth more than £1 million, and from 1 April 2016 to properties worth more than £500,000. Stamp taxes Stamp Duty Reserve Tax (SDRT): charge on unit trusts and OEICs abolished, except for non pro rate in specie redemptions. Threshold for 15% SDLT rate on acquisitions of residential property by companies reduced from £2 million to £500,000. Stamp duty and SDRT: abolished for shares traded on ‘recognised growth markets’. Clarification that partial Stamp Duty Land Tax (SDLT) relief is available where a charity purchases land jointly, as tenants in common, with a person who does not have charitable status. Procedural change to ensure that, following the change to spring-to-spring parliamentary sessions, the government will continue to be able to vary or abolish stamp duty on a provisional basis. Climate change levy Main rates increased in line with inflation from 1 April 2015. Carbon price support (CPS) rates reduced for coal and other solid fossil fuels for 2014/15 and 2015/16 (previously set too high due to error in published data). CPS rates set for solid fossil fuels used in electricity generation from 1 April 2016. Exemptions for energy used in metallurgical and mineralogical processes. Vehicle excise duty Most rates increased in line with inflation. Rates for Euro IV and V light goods vehicles frozen. Classic vehicle exemption extended by one year in each of 2014 and 2015 (to give effect to rolling 40-year exemption) Various changes to duty for commercial vehicles. Abolition of paper vehicle excise duty licences (‘tax discs’) and payment of duty by direct debit. Power for HMRC to share Freight Targeting System information on UK-bound HGVs with Department of Transport. Gaming duties Gaming duty bandings adjusted for inflation. New rate of machines games duty where charge to play can exceed £5. Bingo duty reduced from 20% to 10%. General betting duty, pool betting duty and remote gaming duty to be charged on a ‘place of consumption’ basis. Other Landfill tax rates increased with inflation. Air passenger duty bands reduced from four to two. Rates of tobacco duty and alcohol duty. Penalties in relation to excise duty. Customs duties and excise duties: goods carried as stores on ships or aircraft. Aggregates levy: some exemptions suspended pending results of EU State aid investigation.