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Chapter 1 At o m s an n d elements By the end of this chapter you will have covered the following material. Shutterstock.com/123dartist Science Understanding Trends in the observable properties of
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What is at o m s?
AT O M S stands for Annual Tax on Enveloped Dwellings (ATED), which is a tax paid by companies that own UK residential property worth over a certain value.
Who is required to file at o m s?
Companies that own UK residential property worth over a certain value are required to file AT O M S.
How to fill out at o m s?
AT O M S can be filled out online through HM Revenue & Customs (HMRC) website using the ATED online service.
What is the purpose of at o m s?
The purpose of AT O M S is to tax companies that own high-value residential property in the UK.
What information must be reported on at o m s?
Companies must report details of the property, its value, and information about the company owning it.
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