WSM Blog

Changes to the annual tax on enveloped dwellings regime

The Annual Tax on Enveloped Dwellings (ATED) regime was introduced to tax companies holding UK residential property valued over £500,000. The ATED regime has now completed its first 5 year cycle and the fixed valuation date of 1 April 2017 will apply for the 2018/18 ATED filing period and the subsequent four ATED periods.

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Safeguarding your charity

In December 2017 Charity Commission updated their strategy for dealing with safeguarding issues in charities.

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Cryptocurrency and Blockchain Series – The Blockchain Part 1

Welcome to the new Cryptocurrency and Blockchain Technology Series. The intention for this series is to give our readers and clients an understanding of the technology that they are hearing and will hear more frequently about in the news and in their lives.

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Year End Tax planning – Tax Free Dividend Allowance

The dividend rules changed two years ago and as a result the first £5,000 of dividend income in a tax year is free of income tax.

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EuropeFides 2018 Malta

The EuropeFides AGM in Cologne was held at The Westin Dragonara Resort, located in the heart of downtown St. Julian’s and right on the Mediterranean Sea.

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Updates expected in 2018

The Self-Assessment filing deadline for the 2016/17 tax year is now behind us. The passing of the tax filing deadline not only offers a sense of relief but also signals that we are approaching a new tax year 6 April 2018.

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Landlords feeling the pinch

Landlords are starting to feel the impact of recent tax changes in the payments that they are due to make to HMRC on 31st January this year.

VAT Return Nightmare

I am often asked by my clients why we charge for preparing and checking the VAT Returns when the bookkeeping is computerised and the accounting entries are recorded on reputable software. Clients expect the VAT Return to be correct and the check to be done automatically by the software programme but this is not always the case as many factors come into play.

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Spare room to Let? That’s Great News!

In the March 2017 Budget the Government announced it intends to review the ‘rent-a-room scheme’ which is currently a tax-efficient way of letting out your spare room.

The General Data Protection Regulation

The deadline for General Data Protection Regulation (GDPR) is fast approaching. The implementation date is 25th May 2018. Many SMEs will think that this does not affect their business. This affects all types of organisations who have an EU establishment and also those who transact within the EU.