UK: ATED REVALUATION DATE

Under the Annual Tax on Enveloped Dwellings (“ATED”) legislation, if a company or corporate entity owns a UK residential dwelling, valuations on such properties must be updated every five years. A new valuation date arose on 1 April 2017. Properties requiring revaluations to this date will be able to use the revised valuation for the…

PAYE MODERNISATION AND P35LS

At a meeting of the TALC Collection sub-committee last week, Revenue noted that they are carrying out a review of P35L returns that were filed for 2016 as part of the preparatory work being carried out for the roll out of the new PAYE modernisation programme. Revenue noted that they have identified a significant number…