Revised rates for the Annual Tax on Enveloped Dwellings

11th March 2019

The charges made under the Annual Tax on Enveloped Dwellings (ATED) regime increase in line with inflation on 1 April 2019:

 

Property value From 1 April 2018 From 1 April 2019
  £ £
More than £500,000 up to £1 million 3,600 3,650
More than £1 million up to £2 million 7,250 7,400
More than £2 million up to £5 million 24,250 24,800
More than £5 million up to £10 million 56,500 57,900
More than £10 million up to £20 million 113,400 116,100
More than £20 million 226,950 232,350

 

ATED is an annual tax payable mainly by companies that own UK residential property valued at more than £500,000.   Reliefs and exemptions from the tax are available in certain circumstances which may mean that no tax is payable, although a tax return still has to be filed.

 

Other items in Blogs
Millie Hunt
4th July 2022 Covid: Could you claim for business interruption?

  If your business was adversely impacted by the coronavirus pandemic, then you may wish to consider whether your insurance covered you for business interruption – as you could be due an insurance pay-out in relation to your loss of earnings. When calculating your loss of earnings, there are a number of factors that you…

Vanessa Pearson
1st July 2022 R&D Tax credit repayment delays

The Chartered Institute of Taxation (CIOT) has been asked by HMRC to share the message below about the recent pausing of Research & Development Tax Credit (RDTC) payments with their members.   Message from HMRC: “We previously notified agents that we have paused some Research & Development Tax Credit (RDTC) payments while we investigate an increase…

Joe Fretwell
1st July 2022 Is your PAYE code correct?

With the rising cost of living, it has never been more important to ensure you are paying the correct amount of tax through your PAYE tax code. It is important to understand your tax code, any changes to this and why your tax code on your payslip is what it is. There are many reasons…

Ruth Pearson
23rd June 2022 Changes to National Insurance

In April 2022 we saw Employee’s National Insurance Contributions increase by 1.25% from 12% to 13.25%, as part of the Governments Health and Social Care levy. Employer’s National insurance also increased from 13.8% to 15%. From April 2023, the health and social care levy will be paid separately to National Insurance and become a tax…

James Selby
23rd June 2022 Pensions Contributions: Maximise tax relief

We are seeing more and more cases of individuals missing out on claiming higher rate tax relief on their employee pension contributions especially where they are not in self-assessment and required to file tax returns.   Where employers have enrolled their staff to make employees pension contributions via a ‘relief at source’ scheme, the contributions…

Paul Jefferson
14th June 2022 VAT Penalty Changes

A new penalty regime will come into effect for VAT periods starting on or after 1 January 2023. The changes will impact the charges for missing VAT filing and payment deadlines and will be replacing the current surcharge system. These changes place continued importance on being up to date with your VAT returns, aware of…