Tax Credits

The collection of the Library & Information Service includes a range of electronic databases, books and journal articles on the subject of tax credits. If you would like assistance in identifying the materials you need, please call the enquiry team on +44(0)20 7920 8620 or by email at library@icaew.com.

Articles and Books

Browse a list of recent books on tax credits
Browse a list of recent articles on tax credits

You can find more books and articles on Tax Credits by searching the Library's online catalogue. To find out more about our photocopying/fax service please see our FAQ.

Links: Personal / Individuals & Employees Tax Credits

HMRC

The HMRC Tax Credits page includes a comprehensive collection of information about the tax credits system which was introduced in 2003 to provide financial support for children and low-paid workers. The website includes:

• Forms and help sheets
• Manuals
• Rates and allowances

HMRC have also published a series of leaflets on tax credits, which include

• Tax credits enquiry (WTC/FS1)
• Tax credit examination (WTC/FS2)
• Tax credits formal request for information (WTC/FS3)
• Tax credits meeting (WTC/FS4)

Further links

Chartered Institute of Taxation (CIOT)
The Chartered Institute of Taxation, professional body for tax advisers in the United Kingdom, has published a number of technical articles on the subject of tax credits. Use the search facility in the Technical Articles section to find relevant articles.

Child Poverty Action Group (CPAG)
Official website of the charity which campaigns 'for the abolition of child poverty in the UK and for a better deal for low-income families and children.' As part of their campaign CPAG provides advice on tax credits and monitors the impact of the system. CPAG has published various documents relating to Tax Credits in the Welfare Rights > Tax Credits section of the website, including:

• Tax credits factsheets
• Tax credits publications
• Tax credits e-bulletin
• Tax credits training and conferences
• Tax credits policy briefings

Institute for Fiscal Studies
Organisation which has published a number of research reports and briefings relating to the tax and benefit system including the system of tax credits.

Low Incomes Tax Reform Group
Organisation which campaigns for a more equitable and accessible system of taxation and related benefits for people on low incomes such as pensioners, students and part-time workers. The Tax Credits section of the website includes an overview on the main features of the tax credits system.

TaxAid
TaxAid is a charity which provides 'free tax advice to people who cannot afford to pay a professional adviser'. The website includes a dedicated section for tax credits.

Work, Welfare and Savings (HM Treasury)
The HM Treasury website includes consultation documents and discussion papers on the modernisation of tax and benefits documents, including the tax credits system.

Links: Research & Development Tax Credits

Impact of the R&D Tax Credit
CBI briefing published in February 2009 which looks at the value of the R&D tax credit to growing R&D investment in the UK.

Tax Reliefs for Research and Development (HMRC)
Guidance on tax relief for research and development (R&D) activity from the HMRC.

Research and Development (R&D) Tax Credits
Guide to R&D Tax credits published by the Department for Business Innovation & Skills. The site includes a set of FAQs and a selection of case studies and leaflets.

Guidelines on the Meaning of Research and Development (R&D) for Tax Purposes
Guidelines issued by the Secretary of State for the Department of Trade and Industry on 5 March 2004 for the purposes of Section 837A Income and Corporation Taxes Act 1988. The guidelines took effect from 1 April 2004, replacing the previous guidelines issued on 28 July 2000. The guidelines define what activities may qualify for various R&D tax reliefs including the R&D tax credits.

Tax credits and allowances for research and development (Business Link)
Guide to claiming R&D Tax Credits from Business Link. The website includes details of what qualifies as R&D for tax purposes, an overview of the tax allowances and tax credits available for R&D, SMEs, large companies and details of how to claim.

Archived Links: BE Studios v Smith & Williamson

The full text of the BE Studios v Smith & Williamson [2005] EWHC 1506 (Ch) case is available on the British and Irish Legal Information Institute website. The case involved a company that sued its tax advisers for not advising that it could claim for R&D credits.

Tax credit error cost £150K
Article published in Accountancy Age on 21st July 2005.

Cracks show in R&D scheme
Article published in Accountancy Age on 28th July 2005.

BE stung by R&D ruling
Article published in Accountancy Age on 28th July 2005.

Researching R&D
Article published in Taxation magazine on 16 August 2007 which 'provides an overview of the rules for research and development tax relief' and considers the effect of the decision in BE Studios Ltd v Smith & Williamson Ltd.

See Also

ICAEW Tax Faculty

The Tax Faculty is the focus within the Institute for those Chartered Accountants working in the area of tax. It is a centre of excellence and an authoritative voice for the Institute on taxation matters. It makes representations to Government and other authorities, and public pronouncements on major tax issues. Institute members can access more information about the Tax Faculty from the Tax Faculty website. This provides information and news on issues related to Tax Credits as well as providing guides and responses to Inland Revenue releases on Tax Credits from the Tax Faculty.

The ICAEW accepts no responsibility for the content on any site to which a hypertext link from this site exists. The links are provided "as is" with no warranty, express or implied, for the information provided within them. Please see the full copyright and disclaimer notice