by AJN Accountants | Oct 10, 2024 | Property
The Annual Tax on Enveloped Dwellings (ATED) is a tax that applies to companies and other entities that own UK residential properties valued above a certain threshold. Introduced by the UK government to address the issue of property ownership through companies and...
by AJN Accountants | Sep 25, 2024 | Property
HMRC has published draft legislation explaining how the abolition of the special tax rules for furnished holiday lettings (FHLs) will work. From 6 April 2025 for sole traders and partnerships, or 1 April 2025 for companies, properties currently classed as FHLs will no...
by AJN Accountants | Sep 20, 2024 | VAT
Typically, most VAT-registered businesses submit their VAT Returns and payments to HM Revenue and Customs quarterly. By choosing the Annual Accounting Scheme for VAT, you eliminate the need to file quarterly VAT returns. However, there are other factors to consider,...
by AJN Accountants | Sep 17, 2024 | Accounting
HMRC has delayed planned changes to real-time information (RTI) reporting requirements for employee hours worked. Draft legislation was published in May aimed at improving the range of data collected by HMRC. The proposed changes will require businesses to provide...
by AJN Accountants | Sep 14, 2024 | Tax planning
From 1 January 2024 online platforms such as websites, online marketplaces and apps that allow individuals and businesses to sell items and services are required to collect and report seller information and income to HMRC. If you sell items through eBay, Etsy,...
