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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

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

Last Minute Tax Filing

20th January 2016

Now that the Christmas tree has been removed and the decorations packed away, it’s that time to face the dreaded task you’ve been putting off all year – your personal tax return. For those of you doing this for the first time, it might seem daunting, but we will hopefully ease some of that and run you through the whole ...read more

The Cycle to Work Scheme Explained

5th January 2016

The New Year’s resolution is an age-old tradition whereby, at the start of a new calendar year, people set themselves a goal (or sometimes multiple goals if they are feeling particularly greedy), be it changing an aspect of their lives or perhaps achieving an objective. Invariably, the life-span of the average New Year’s resolution is similar to that of the ...read more

Autumn Statement – Digital Tax Accounts

1st December 2015

One of the announcements in this week’s Autumn Statement is the planned introduction of digital tax accounts. 10 million individuals and 5 million small businesses will be the first to have access to their accounts from early 2016, and by 2020 the rollout will include all individuals in the UK. The digital accounts will essentially be a ‘one stop shop’ for ...read more

Tips and Taxes – are you playing by the rules?

27th August 2015

A tip or gratuity is an amount of money that is paid, voluntarily, by a customer or client in addition to the sum they are required to pay for the good or service they have received. The voluntary aspect is the key distinction between a tip and service charge, which is compulsory. If you work in an industry in which ...read more

The Taxes of Transfer Fees

6th August 2015

The new season of the Barclays Premier League is nearly upon us, which means that there are only a few weeks left for managers (or owners who think they are managers) to splash some cash on a marquee signing or two before the transfer window shuts. Given the extremely large amounts of money that can change hands when a player ...read more