|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |    25th of February 2018
|   Banking  |   Insurance  |   Property  |   Mortgages  |   Economy  |   Investments  |   Credit Cards  |   Debt  |   Loans  |   Pensions  |   Companies  |  

Property News feed Property News

All Financial News feed All Financial News




HMRC admits to error in UK house sales figures

Bookmark and Share

by Gill Montia
HMRC admits to error in UK house sales figures

Monthly residential property statistics published by the Government will not be appearing in August because errors have come to light.

Under stamp duty requirements, HM Revenue & Customs (HMRC) is advised of completed UK property transactions where values are £40,000 and above.

The latest update on house sales was scheduled to be published on 21st August but according to a BBC report, HMRC statisticians have come to the conclusion that something doesn’t look quite right.

Outputs obtained whilst creating the August update (which covers the month of July) contained some significant and unexplained differences with the statistics published a month earlier and publication will therefore be delayed until September.

HMRC says it is confident that its statistics on property transactions processed by month up to February 2008 are not affected by any problem.

Figures for June showed a 45% year-on-year drop in completed property transaction, to 77,000, and HMRC will no doubt be confirming or amending the alleged decline as soon as its statisticians can diagnose the problem.

Discuss this in the Finance Markets forums

Story link: HMRC admits to error in UK house sales figures



News posted: August 21, 2008

Financial Services:





Related financial stories to: HMRC admits to error in UK house sales figures:
Previous: «
Next: »

Visited 2802 times, 1 so far today

No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.

Tags: , , , ,