Action required by those holding certificates of tax deposit
[ad_1] Certificates need to be used by 23 November 2023. The value on HMRC’s books is £89m. The deadline for using a certificate of tax deposit (CTD) to settle a tax bill is 23 November 2023. After that date, the normal process for making a withdrawal will apply. The current value of outstanding CTDs […]
Corporates holding UK property prompted to check ATED
[ad_1] HMRC has sent letters to companies asking them to check whether the valuations they have used to determine annual tax on enveloped dwellings (ATED) liabilities since 2018 are correct. ATED is payable in situations where a company (or certain other types of entity) hold UK residential property, and none of the various reliefs apply. […]