Anti-money laundering supervision: guidance for high value dealers
Anti-money laundering supervision: guidance for high value dealers 1. Money Laundering and high value dealers 2. Responsibilities of senior managers 3. Risk assessment, policies, controls and procedures 4. Customer due diligence 5. Reporting suspicious activity 6. Record keeping 7. Staff awareness 8. High value dealer risk 9. High value dealers 10. Where to find more information General Introduction Thank you for taking...
Ten things about offshore assets and income
1. What offshore income is Income is considered ‘offshore income’ if it comes from a territory outside the United Kingdom. It includes: interest from overseas bank or building society accounts dividends and interest from overseas companies rent from overseas properties wages, benefits or royalties earned outside the UK 2. It’s important for UK taxpayers to declare offshore income If you’re a UK resident, you’re...
Don’t touch rent-a-room relief
Rent-a-room relief AAT today responded to the Government’s Call for Evidence on rent-a-room relief. Rent-a-room relief provides income tax relief for those letting out furnished accommodation to incentivise individuals to make spare capacity in their homes available for rent. It is currently set at £7,500 per annum. The Government announced during the 2017 Autumn Budget that they wanted to establish how rent-a-room relief is used...
Majority of smaller businesses realise the value of apprenticeships
Monday 5 March 2018 Smaller businesses throughout England are embracing apprenticeships, with nine out of ten who have taken on apprentices saying they have boosted productivity, according to a new study by AAT. The study, commissioned to tie in with National Apprenticeship Week, shows that businesses appreciate the value apprenticeships can bring to them, with 97% saying that taking on apprentices has been good...
Spring Statement: Calls for greener tax policies and clampdown on VAT fraud
Chancellor Philip Hammond announced in 2016 that he wouldn’t “make significant changes twice a year just for the sake of it”, and this light Spring Statement, lasting 26 minutes and largely focusing on forecasts and calls to evidence, has indeed confirmed that the Autumn Budget will be the only major fiscal event of the year. AAT welcomes this as it provides greater...