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What is the Annual Tax on Enveloped Dwellings (ATED)?

25th June 2018

ATED is an annual tax charge on Enveloped Dwellings payable by companies, partnerships with corporate members and collective investments vehicles that own a UK residential property valued at £500,000 or above.When do I need to submit my ATED return and are there any penalties?If the property falls within the ATED charge, a return must be submitted to HMRC by ...read more

What you need to know about tax changes taking effect from 6 April 2018

6th April 2018

The new tax year starts on 6th April and with it comes changes to the tax rates and thresholds.Below we have summarised what we consider the most important changes. Dividend Allowance:The tax-free dividend allowance will be reduced from £5,000 to £2,000 per year for 2018/19 onwards. This will mostly affect directors of small businesses who pay themselves through dividends rather than ...read more

Budget 2017, Episode 2

23rd November 2017

Leading up to yesterday’s Budget there was speculation that Philip Hammond would announce some major shake-ups to certain aspects of the taxation system. This was fuelled by the Budget earlier in the year being relatively uneventful and the political environment having changed substantially in the months since then. However, save for one change, the Chancellor of the Exchequer delivered another ...read more

‘Staircase tax’ sees business rates on the rise

13th September 2017

Many small businesses have been on the receiving end of substantial business rate bills this year, as the government’s Valuation Office Agency (VOA) has started to act on the implications of a 2015 Supreme Court ruling that was delayed by two years. Some businesses which operate from different rooms or floors have seen particularly large increases in their bills, which ...read more

Couples – beware of the stamp duty surcharge

30th August 2017

Are you or your spouse/civil partner considering purchasing a property? If so, it may be subject to the higher rate of Stamp Duty Land Tax (SDLT). Before delving in to the detail, let’s first remind ourselves of what SDLT is. In simple terms, it is a tax on the purchase of land and property which is calculated as a percentage of ...read more

Businesses warned of Auto Enrolment exemption scam

31st July 2017

Some employers have reportedly been caught out after spending £58 on ‘Certificates of Auto Enrolment Exemption’ that are actually a scam. The appeal of the certificates is that, for a relatively small fee, the employer is told they will be exempt from any and all Auto Enrolment duties. However, such an exemption does not exist for (almost) all employers. Therefore as ...read more