National Statistics: Corporation Tax Statistics 2017

Updated: Updated with latest data for current year.

Breakdowns of Corporation Tax receipts and liabilities by number, income, allowances, deductions, company sector and financial year.

All statistics relate to the UK. No sub-national geographic breakdowns are available. Broad industry sector breakdowns are included in this publication.

Source: HMRC

Detailed guide: Annual Tax on Enveloped Dwellings: returns

Updated: Updates made to the sections on how to submit your return and changes to your return.

Overview

If ATED applies to your property, you’ll need to submit a return each year.

If you don’t complete and send your return and payment on time, you’ll have to pay a penalty and interest.

When to submit your return

Normally you need to submit your return:

  • by 30 April if your property is within the scope of ATED on 1 April
  • within 30 days of acquisition if your property comes within the scope of ATED after 1 April
  • for a newly built property, within 90 days of the earliest of the date:
    • your property becomes a dwelling for Council Tax purposes
    • it’s first occupied

You should only submit your return on or after 1 April for each relevant chargeable period.

How to submit your return

You can use the ATED online service to submit your return and appoint an agent.

If you own more than one property and have tax to pay, you’ll need to complete a separate ATED return for each property.

You can also submit a Relief Declaration Return using the online service. If you’re claiming the same relief for more than one property you only need to complete one form to claim that relief.

There’s guidance available to help you complete your return.

Other ways to submit your return

If you’re unable to use the new ATED online service, you can access the old ATED return or the Relief Declaration Return through the Returns Notice.

Changes to your return

You can amend a return or make a further return by logging on to the ATED online service.

If your original return was not submitted to HMRC using the online service, you must change your return by accessing the ATED Return form through the Returns Notice.

When to submit an amended return

You may need to submit an amended return if, for example:

  • you can now claim a relief
  • you’ve disposed of the property
  • the information you sent was wrong

You should submit your amended return within 12 months of the end of the relevant period. For example, if the change is for the period 1 April 2017 to 31 March 2018, you should submit it by 31 March 2019.

If you submitted your original return after 1 January following the end of the relevant chargeable period, you’ll need to make any changes within 3 months of the date you submitted your original return.

When to submit a further return

You can submit a further return if a change in circumstances means your tax increases, for example you are no longer able to claim a relief.

You normally need to submit this return 30 days after the end of the chargeable period or 30 days from the start of the next chargeable period.

For example, if the change happened in the period 1 April 2017 to 31 March 2018, you should submit it by 30 April 2018.

Penalties and appeals

Penalties

You could be charged a penalty and interest if:

Appeals

If you disagree with an HMRC decision about your ATED return, for example a penalty or determination, you may be able to challenge it by appealing.

You have 30 days from the date of the decision to write and tell HMRC the grounds on which you’re appealing.

Write to:

ATED Processing Team

5th Floor

Crown House

Birch Street

Wolverhampton

WV1 4JX

Source: HMRC

Detailed guide: Annual Tax on Enveloped Dwellings: reliefs and exemptions

Updated: Reference to Home Reversion Plan added to the section for reliefs you can claim.

Overview

There are several reliefs and exemptions that mean you might not have to pay any ATED on your property or may reduce the amount you have to pay.

Reliefs you can claim

You may be able to claim relief for your property if it is:

  • let to a third party on a commercial basis and isn’t, at any time, occupied (or available for occupation) by anyone connected with the owner
  • open to the public for at least 28 days a year
  • being developed for resale by a property developer
  • owned by a property trader as the stock of the business for the sole purpose of resale
  • repossessed by a financial institution as a result of its business of lending money
  • acquired under a regulated Home Reversion Plan
  • being used by a trading business to provide living accommodation to certain qualifying employees
  • a farmhouse occupied by a farm worker or a former long-serving farm worker
  • owned by a registered provider of social housing

Find more on these reliefs and the criteria you need to meet in sections 30 to 41 of the ATED technical guidance.

How to claim reliefs

If you have a claim to relief that reduces your ATED charge to nil, you
can submit a Relief Declaration Return using the ATED online service.

If you’re unable to use the new ATED online service then you can still access the old ATED return or the Relief Declaration Return through the Returns Notice.

Exemptions

There are a number of exemptions from ATED:

  • charitable companies using the dwelling for charitable purposes – make sure all of the exemption conditions are met in section 42 of the ATED: technical guidance
  • public bodies – there are lists of exempt public bodies in section 43 of the ATED: technical guidance
  • bodies established for national purposes – listed at section 44 of the ATED: technical guidance

If you meet the conditions for an exemption, you don’t need to file a return.

Source: HMRC

Corporate report: HMRC prompt payment performance report

Updated: Updated with results for 4th quarter of financial year 2016 to 2017

HMRC is committed to paying suppliers and organisations promptly and is required to publish the percentage of invoices that are paid promptly.

This report shows the percentage of invoices paid within:

  • 5 days
  • 30 days

Performance is recorded on a quarterly basis, and covers the financial year 2015 to 2016 onwards.

This is in line with our Prompt Payment Policy.

Source: HMRC