Update from DRG Chartered Accountants 

 

Annual Tax on Enveloped Dwellings (ATED). Don't miss the return deadline

The filing of the ATED return is one deadline that is often overlooked as it falls at the beginning of the tax year.

ATED is an annual tax payable by a non-natural person (NNP) i.e. a company, a partnership where one of the partners is a company or a collective investment scheme that owns UK residential property valued over a specific threshold. From 1st April 2017, the threshold is £500,000 based on the value as at 1st April 2012 or the date of acquisition, if later. For a new build property, it would be the date that the property becomes a dwelling. Read more

 

 
Annual Tax on Enveloped Dwellings - ATED
 
Sally Preston from Kiddylicious
 

Women-in-Business Lunch
Wednesday 8th February

Join us for our next Women-in-Business networking lunch in our Maidenhead office. This time, we are delighted that Sally Preston, from Kiddylicious, will be giving an insight into how she has grown her business to overtake Heinz as the number two children's snacking brand.

The lunch is complimentary, but space is limited. Click here to reserve your place.

 
 

Grandparents looking after a grandchild under 12? Don't miss out on your NI credits.

Many working-age grandmothers and fathers could qualify for Class 3 National Insurance credits for looking after children under 12. These credits could boost your state pension.Read more

High Income Child Benefit Tax Charge

You can choose not to get Child Benefit payments, but you should still fill in the Child Benefit claim form. This will help you get National Insurance credits which count towards your State Pension. Read more

 

 
Grandparents looking after their grandchild
 
 
tax relief and incentive schemes available to SMEs
 
 
 
 

Tax relief and incentives schemes available to SMEs

There are a number of possible reliefs and incentive schemes available to businesses. Please to get in touch to find out more.

Seed Enterprise Investment Scheme
The scheme is for true start-ups who find it difficult to obtain financial assistance. By giving generous income tax relief (IT) and capital gains tax (CGT) exemptions, qualifying companies can use the scheme to attract individual investors to invest in new and growing companies. Read more

Enterprise Investment Scheme
The purpose of the Enterprise Investment Scheme (EIS) is to help certain types of small higher- risk unquoted trading companies to raise capital. It does so by providing income tax (IT) relief and capital gains tax (CGT) exemptions or deferrals to investors in these qualifying companies. Read more

Enterprise Management Incentive Scheme
EMI share option scheme is a way for companies to attract and retain key employees by giving them a stake in the business and the opportunity to share in the company’s future wealth with minimal tax implications. This can be especially important in small start-ups and medium sized companies who do not have the financial clout to compete with larger multinational organisations. Read more

Research and Development Tax Relief
All companies and permanent establishments subject to UK corporation tax can claim R&D tax relief if they undertake activities that meet the qualifying conditions. The relief allows companies to either claim additional deduction on qualifying R&D costs or receive a cash payment from HMRC. Read more

 
Donald Reid Group, Prince Albert House, 20 King Street, Maidenhead, Berkshire SL6 1DT

DISCLAIMER: This newsletter is for guidance only, and professional advice should be obtained before acting on any information contained herein. Neither the publishers nor the distributors can accept any responsibility for loss occasioned to any person as a result of action taken or refrained from in consequence of the contents of this publication.
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